Palladium Climbs to Three-Year High
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Palladium futures have surged above $2,000 per ounce, reaching a three-year high due to intensified supply concerns and geopolitical risks. Reports of potential 100% tariffs on Canada if it proceeds with a trade deal with China have raised fears of disruptions in North American metal flows. UBS has increased its palladium forecast by $300 to $1,800, driven by strong investment inflows. Despite a decline in industrial use due to electric vehicles, tight supply and ongoing investor interest suggest further price increases are likely.
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