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This is your Daily Palladium Price Tracker with Vanessa Clark podcast.

Hello and welcome to the Daily Palladium Price Tracker with Vanessa Clark. I am so glad you tuned in today as we dive into the very latest trends, market movers, and everything you need to know about palladium prices on this Tuesday, October twenty first.

Let us kick things off with the numbers everyone wants. The most recent trading price for palladium is hovering around one thousand four hundred and forty two dollars per troy ounce. That’s according to data from Trading Economics and Kitco, with both reporting prices have fallen below the fifteen hundred dollar mark after a period of volatility and a big run-up just last week. Earlier this month, we actually saw palladium climb as high as one thousand six hundred sixty five dollars, which was the highest since spring twenty twenty three. But today, prices are down about four and a half percent from yesterday’s close, marking one of the sharper retreats we’ve seen for this metal in recent weeks.

So what’s behind this price movement? A few major factors are at play right now. This year, palladium prices have been quite strong overall—up more than thirty percent compared to where we were at this time last year. The surge was fueled by a perfect storm of unpredictable US and China trade tensions, expectations for Federal Reserve rate cuts, and ongoing geopolitical uncertainties. For example, China recently pushed back on US calls to lift rare earth export restrictions, which is making waves across all industrial metals. Plus, there are ongoing tensions related to Russian and US policy over the Ukraine conflict.

Now, if you own or trade palladium, you’ll want to note that supply is still tight. South Africa, which is the world’s second largest palladium producer after Russia, reported a three percent drop in production of platinum group metals this August. At the same time, demand remains robust, especially from the automotive sector. Hybrid vehicle sales have been strong, particularly during China’s so-called “Golden September and Silver October” peak season.

Another big storyline is the trade backdrop with Russia. There are new petitions in the US for anti-dumping duties on Russian palladium imports, according to Miningmx and the World Platinum Investment Council. If these move forward, they could push palladium prices even higher by restricting supply to the US and driving more demand for domestic or recycled palladium. Analysts are watching closely for action from the US Department of Commerce in the next few months.

Looking ahead, Trading Economics analysts forecast that palladium could rise back above fifteen hundred dollars per ounce by the end of this quarter, and possibly up to sixteen eighty in the next twelve months if supply remains tight and demand holds steady. However, as we saw today, volatility is the norm in precious metals markets, so stay nimble.

If you are looking for practical takeaways, here are a few tips: For those interested in investing, understand that palladium’s unique industrial uses—from catalytic converters to electronics and jewelry—continue to create demand even when other metals like gold or silver face selling pressure. But keep your eye on global headlines and trade policies, as these can shift the price landscape almost overnight.

That sums up today’s snapshot for palladium prices and market trends. Make sure you check back in with me, Vanessa Clark, for tomorrow’s Daily Palladium Price Tracker. If you found this helpful, please subscribe, tell a friend, and tune in next time for more actionable insights on the world’s most dynamic precious metal. Thanks for listening and have a great day!

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