Gold 
“Palladium prices have largely traded sideways between $1,620 and $1,885 since the start of February. Prices are likely to continue consolidating within this range over the coming months. Given the constructive investor sentiment across the broader precious metals complex, palladium is unlikely to decline materially below $1,600, absent a significant deterioration in macroeconomic conditions. On the upside, any meaningful mine supply disruptions — particularly from key producing regions — could help drive prices higher.
In mid-February, the U.S. Department of Commerce announced preliminary findings from its investigation suggesting that Russia had been dumping palladium into the U.S. market. The investigation, initiated in July 2025, followed a complaint from Sibanye Stillwater alleging that Russian exports were being priced at levels that rendered its U.S. operations uncompetitive. The preliminary findings indicate a dumping margin of approximately 133% on Russian palladium imports. A final determination is expected in mid-2026, at which point anti-dumping duties could be imposed.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
