Palladium Jun 24 (PA=F)
| Pre. Settlement | N/A |
| Settlement Date | 2024-06-26 |
| Open | 1,043.50 |
| Bid | 1,037.50 |
| Last Price | 1,043.90 |
| Day's Range | 1,005.50 - 1,046.00 |
| Volume | |
| Ask | 1,038.50 |
- Yahoo Finance Video
Commodities continue to see upside in first week of Q2 2024
The US dollar is moving higher after March's jobs data released Friday morning. Positive price action is reverberating across the commodity sector, notably cocoa futures (CC=F) and precious metals like gold (GC=F). Yahoo Finance Senior Markets Reporter Jared Blikre reviews the upsides seen across commodities in the first trading week of 2024's second quarter. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Luke Carberry Mogan.
Oilprice.comPrecious Metal Prices Trade Sideways After Short-Lived Rally
The Global Precious Metals MMI saw a slight rise at the end of 2023, but the long-term forecasts for precious metals like gold, silver, palladium, and platinum remain bearish due to the lack of strong bullish momentum.
- Reuters
GRAPHIC-As price parity beckons, substitution from palladium to platinum to wane
The rate at which platinum is displacing palladium in the manufacture of autocatalysts is slowing due to the sister metals approaching price parity, a trend which is likely to persist through this year, analysts said. Growing use of platinum in autocatalysts that reduce harmful emissions from internal combustion engines and rising sales of battery-powered electric vehicles was behind the 39% slump in palladium prices last year. Around 620,000 ounces of palladium were replaced by platinum in 2023 vs 385,000 ounces in 2022, according to the World Platinum Investment Council's (WPIC) November estimate.
