FX.co ★ Palladium Hits Two-Week High

Palladium futures have risen to approximately $1,895 per ounce, regaining strength after a broad sell-off and achieving a two-week high. Precious metals have maintained their appeal despite a stronger dollar and softer-than-anticipated US inflation data. The prospect of a potential interest rate reduction has been bolstered following the US core Consumer Price Index's year-on-year increase of 2.6% in December, which fell short of the 2.7% forecast by analysts. This tempered inflation reading, coupled with overarching market uncertainty, has amplified the demand for precious metals as safe-haven assets. On the supply side, concerns loom regarding Russian palladium, as the US Department of Commerce initiated anti-dumping and countervailing duty probes, projecting a preliminary dumping margin of approximately 828% for unprocessed material. Filings for these cases suggest that preliminary decisions are anticipated between late December 2025 and early January 2026, with final rulings expected later in 2026, thereby posing potential risks of supply limitations.