“Palladium recovered the losses that it endured during December 2024 and then some, over the course of January. Strength across precious metals, especially gold, coupled with a seasonally strong period for prices helped palladium during January.
Prices have given back some of January’s gains during the early days of February. The seasonally strong period for palladium prices typically continues through the first quarter of the calendar year. This could provide support to prices in the near term. That said, the recently announced tariffs by the U.S. on Mexico, Canada, and China could have negative consequences for auto Demand.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
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