$1,500 Palladium in Sight? October’s Precious Metals Rally Explained
Palladium rose to about $1,460/oz on Oct 31, 2025, after jumping 4.4% on Oct 30 following a Fed rate cut and U.S.-China trade news. The metal is up roughly 56% year-to-date but remains volatile, having pulled back sharply from a mid-October peak of $1,695. Supply remains tight, with Russia and South Africa leading production and a combined deficit of about 1.5 million oz over 2023–24.