Live Spot Gold
Bid/Ask
2,683.702,684.70
Low/High
2,679.502,710.90
Change
-22.40-0.83%
30daychg
+63.00+2.40%
1yearchg
+745.00+38.43%
Silver Price & PGMs
Note : MINTAGES on Palladium Eagles are among the lowest ever for a U.S. precious metal coin.
(401 G.C. WKEND SERIES , Sat. Nov. 9th, 2024) – In the event of supply disruptions from Russia as their war with Ukraine continues, expect palladium prices to shoot through the roof – much like they did in March of 2022. And if automotive manufacturers slow their substitution of platinum and return to palladium for key vehicle parts, palladium investors will likely enjoy some much-deserved profits this fiscal year.
Obviously, there’s quite a bit of “what if” in our palladium value outlook. We generally recommend that palladium investors pay careful attention to key value indicators. In the case of palladium, geopolitical developments involving Russia can have a massive impact on the metal’s spot price.
Perhaps even more importantly, investors should take a close look at automotive demand for palladium, as well as global demand for electric vehicles. As platinum becomes too expensive to procure, traditional vehicle manufacturers might drive palladium prices up as they transition to the metal in their catalytic converter production models.
Posted by :
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com