Palladium Pulls Back from One-Week High
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Palladium futures retreated from a one-week high, trading around $1,760 an ounce. This movement comes as markets assess mixed US economic data, including resilient jobless claims and a drop in December job cuts. A 90% probability of the Federal Reserve maintaining rates is priced in, with expectations for future cuts. Geopolitically, the US is influencing Venezuelan oil resources while discussions on Greenland's status continue. The palladium market outlook for 2026 hinges on mining recovery, recycling, and automotive demand, with the WPIC suggesting a shift from deficit to surplus.
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