Palladium futures price rose marginally to $1

Palladium futures price rose marginally to $1,051 per ounce as hedge funds increased long positions, betting on catalytic converter growth in developing economies. Gold reached a new record high of nearly $3,900 per ounce, posted its eighth consecutive record quarterly peak, and rose convincingly above its inflation-adjusted 1980 peak, while ironically being September’s worst-performing precious metal. Why palladium matters to the growth of the platinum market Palladium futures price held steady at $1,050 per ounce, though resistance around $1,060 remains a challenge amid choppy macroeconomic data releases.