5:27 PM · 13 September 2022

Palladium tumbles nearly 6.0%

Palladium futures fell sharply from four week high to $2,100 per ounce as the dollar regained some strength following disappointing US CPI report, which pointed out that major central banks will continue raising interest rates and maintain them elevated, which is not a good sign for industrial metals. Also demand for palladium, which is widely used as automobile catalytic converter, did not yet return to pre-pandemic levels, however the market remains in a deficit partially due to sanctions imposed on Russia.

Palladium is trading around 38% below highs from March. Price pulled back sharply today as buyers again failed to break above major resistance at $2285.0 per ounce, which coincides with 61.8% Fibonacci retracement of the last upward wave. If sellers will manage to uphold current momentum, support at $1952 may be at risk. Source: xStation5

14 August 2026, 1:00 PM

Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)

14 August 2026, 10:25 AM

Reddit joins the S&P 500, shares surge 12% 📈 From a niche forum to the heart of Wall Street

13 August 2026, 7:13 PM

Daily Summary: S&P 500 at a New ATH (13.08.2026)

13 August 2026, 4:05 PM

US Open: S&P 500 close to highs - as September Fed hike chances fall (13.08.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits