FX.co ★ Palladium Rises to a Month-High

Palladium futures rose above $1,500 per ounce, rebounding from a steep sell-off to hit a one-month high amid a broader rally in precious metals. The advance was underpinned by improved macroeconomic sentiment after Donald Trump and Iran agreed to a two-week ceasefire, which eased immediate geopolitical tensions. The announcement triggered a sharp decline in oil prices, pushing crude below $100 per barrel, alleviating inflation worries and bolstering expectations that the Federal Reserve could shift toward a more accommodative policy stance. In turn, lower bond yields and a weaker US dollar increased the appeal of dollar-denominated commodities. On the supply side, market conditions remain tight, as production disruptions in South Africa and persistent uncertainty over Russian exports continue to limit available volumes.