01.09.202506:38:11UTC+00Palladium Rises on Cross-Metal Support

Palladium futures rose to approximately $1,146 per ounce on Monday, continuing their recent upward trend alongside general advances in precious metals. This movement is largely driven by investor expectations of potential interest rate cuts by the Federal Reserve. Further buoyancy was provided by a weakening dollar after a US appeals court overturned the majority of tariffs that were put in place during the Trump administration, citing that the emergency powers granted by the IEEPA were exceeded. This decision has redirected investment towards bullion and other precious metals, viewed as safe havens amidst policy uncertainty. The situation was intensified by reduced market liquidity due to a US holiday, which also saw gold and silver reach new highs. On the supply front, ongoing concerns persist, particularly regarding Russia, which remains vulnerable to possible tariffs or sanctions. Such measures could disrupt trade and inject greater instability into the already volatile platinum-group metals market.