PALL

The Week

PALL.US fell 1.86% this week to close at $25.31, while the S&P 500 rose 0.09%, leaving the fund about 1.95 percentage points behind the benchmark. Monday opened near $24.82, peaked at $24.96 and closed at $24.78. Tuesday slid to around $23.66 and closed at $23.68, the week’s low. Wednesday recovered to $24.58. Thursday extended gains to close at $25.79. Friday traded between $25.08 and $25.44 before finishing at $25.31. The weekly range of 9.07% points to choppy intraday moves.

Sector News

Precious metals faced broad pressure this week. Hawkish remarks from the Fed chief lifted the dollar and Treasury yields, pushing gold to a near two-week low on Monday and Tuesday, then to a three-week low on Wednesday. Fed Governor Waller’s comments on 3 September cooled rate-hike bets for a session, and gold jumped 2% while spot palladium also surged that day. Strong payrolls data on 4 September revived rate-hike expectations and sent gold down over 2%. Spot palladium moved more than 2% on several days, with sharp swings on 1, 3 and 4 September tied to discussion of inventories, the dollar and geopolitics.

The Week Ahead

The macro calendar is concentrated on 10 September, with US initial jobless claims, final demand PPI and core PPI, existing home sales annualised and wholesale sales, plus results from the 10-year note auction. On 8 September, the NFIB small business optimism index is due. These releases will continue to shape the dollar and Treasury yields, and in turn sentiment across precious metals.

In Short

PALL.US closed lower this week, diverging from the S&P 500 under a broad precious-metals sell-off. The fund bounced from a low of $23.66 to near $25.91 but could not hold those gains. On the latest trading day, large-lot money showed no net inflow, while medium and small orders were net buyers in modest proportion. The fund has no standard P/E or P/B data, so traditional valuation signals are not available. The focus now shifts to whether upcoming macro data changes the rate-hike narrative and how spot palladium reacts to inventory and dollar trends.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.