Palladium Rises on Geopolitical Tensions and Dovish Fed Outlook
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Palladium futures rose to $1,210 per ounce, the highest since early August, driven by geopolitical tensions and a dovish outlook for US monetary policy. The downing of Russian drones in Poland has led to potential EU sanctions against Russia, a major palladium supplier. US inflation data met forecasts, while rising unemployment claims support expectations for rate cuts, enhancing the appeal of precious metals. This increase in palladium prices reflects broader gains in platinum group metals due to supply pressures and automotive demand.
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