Palladium futures price ticked up to $1

Palladium futures price ticked up to $1,053 per ounce, benefiting from short-covering and speculative buying in response to supply chain disruptions. The U.S. economy has been unsettled, with ongoing inflation having a significant impact. Gold can serve as an inflation hedge in your portfolio. Thanks to various purchase methods, it’s a relatively accessible asset for most investors. Whether you invest through a gold IRA or a more hands-on account, gold can help you reach both short- and long-term financial targets. Palladium futures rallied Thursday to their highest price of the year, buoyed by the suggestion of sanctions on exports of the metal from Russia, which is the world’s largest exporter. Palladium futures price hovered at $1,047 per ounce, finding support from industrial demand while ETF holdings in the metal rose for the third consecutive week.