Palladium futures price hovered at $1

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. Brent futures lost 0.8%, to $64.86 a barrel while US West Texas Intermediate (WTI) crude also slipped 0.7% to $61.37 a barrel. Gold, silver, platinum, and palladium prices move into 2025 with different technical dynamics. Gold and silver are in multi-year bullish trends, while platinum and palladium’s path of least resistance remains bearish. Palladium is in a significant downtrend, while platinum prices are consolidating near the lows. However, the platinum group metals have many industrial applications and offer significant value compared to gold and silver at the current price levels.