$1,500 Palladium in Sight? October’s Precious Metals Rally Explained
Current Price and Recent Moves Palladium has spiked to multi-month highs. On Oct 31, 2025 the London spot price was about $1,462 per ounce reuters.com. This follows a sharp move up: on Oct 30 it was ~$1,447 (a 3.4% one-day jump) reuters.com, and on Oct 28 it was ~$1,402 reuters.com. In other words, palladium added roughly $60–70 in just a couple trading days. These swings coincide with key news: U.S. Fed rate cuts and progress on U.S.–China trade talks boosted “safe-haven” flows into metals late Oct (albeit alongside profit-taking on record-breaking gold) reuters.com ts2.tech. Traders are now watching for price