Palladium has recently recorded a remarkable price increase, drawing the interest of market participants. In the past week, the price rose by 5.7%, and compared to the previous month, by 8.6%. This development is approaching a critical resistance point of around $1250, which is crucial for the further course.
Market Movements and Price Levels
Especially impressive is the analysis by Carsten Stork, which shows that the palladium futures even rose by over 12% to a two-year high of around $1289 per ounce. This marks the highest level since August 2023. The main driving force behind this rise is geopolitical tensions and trade conflicts, particularly the announcement of high U.S. tariffs and possible escalations in relations with Russia.
Production Concentrations and Volatility Risks
Global palladium production is highly concentrated: Russia and South Africa each contribute about 40%. Political uncertainties in these regions can quickly lead to supply shortages and further influence the price.
Summary:
| Aspect | Details |
|---|---|
| Weekly Increase | +5.7% (NTG24), up to +12.38% (Wallstreet-Online) |
| Monthly Increase | +8.6% |
| Current Price | Approx. 1250 – 1289 USD per ounce |
| Key Resistance | Around 1250 USD |
| Main Drivers | Geopolitical tensions, trade conflicts, production concentration (Russia/South Africa) |
Due to these conditions, palladium is at the center of attention with potentially increased volatility.