Can Palladium Make a Comeback ?

SPOT MARKET IS CLOSED
(WILL OPEN IN 29 HRS. 33 MINS. )
Nov 09, 2024 12:28 PM NY Time

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

Nov 09, 2024 12:28 PM NY Time

Kitco 10AM Silver Fix

Silver31.29-0.70
Platinum968.00-26.00
Palladium974.00-36.00
Rhodium 4,550.00+25.00

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

Leave a Reply

Your email address will not be published. Required fields are marked *