Palladium Price This Morning Traded at USD 1165.5 per Troy Ounce (Wednesday, December 27, 2023)

Yahoo Finance reports that the price of palladium today fell 1.05 percent to USD 1165.5 per troy ounce. This price drop is relatively significant compared to the average price movement over the past week.

This week, palladium prices saw their highest surge on Monday, December 25, 2023, reaching 0.97 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth at -34.91 percent.

The current situation reverses the upward trend in palladium prices observed over the past two days.

Over the past week, palladium price movements slowed by 2.48 percent, with an average daily transaction price of USD 1205.93 per troy ounce. Compared to its position 30 days ago, the price of palladium has grown by 6.62 percent. However, from its highest price this year of USD 1,804 per troy ounce, the price of palladium has fallen by 35.39 percent.

Annually, the average trading price of palladium over the past five years has been in a downward trend. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have tended to decrease. The highest average monthly price for palladium was recorded in January 2023 at USD 1725.4 per troy ounce.