FX.co ★ Palladium Gains on Geopolitical Easing

Palladium futures rose to approximately $1,102 per ounce, rebounding from previous declines as markets evaluated both easing geopolitical tensions and a more balanced supply outlook. This increase was influenced by reports suggesting Russia might reengage in export discussions following conversations between Trump and Putin in Albania, sparking speculation of more consistent metal distribution and enhancing overall commodity sentiment. At the same time, declining US Treasury yields prior to the Trump–Zelenskiy summit spurred safe-haven demand due to increased geopolitical risks. This movement underscores the ongoing instability in the platinum group metals market, where decreased output from South Africa and limited liquidity have already heightened price volatility.