Palladium markets experienced a sharp selloff on December 29, with spot prices tumbling over 15% to settle at $1,610.84 per ounce. The significant downward movement signals growing headwinds for precious metal investors, particularly those tracking palladium through ETF vehicles.
The decline reflects broader weakness in the palladium complex, as market participants reassess demand fundamentals and industrial applications. Investors holding palladium ETF positions saw their valuations compressed as the commodity failed to hold higher levels.
For traders monitoring palladium ETF performance, the 15% drawdown represents a meaningful correction that warrants attention. The $1,610.84 price point now serves as a key reference level as the market digests recent selling pressure in this essential industrial metal.
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Palladium ETF Faces Pressure as Spot Prices Collapse 15% to $1,610.84
Palladium markets experienced a sharp selloff on December 29, with spot prices tumbling over 15% to settle at $1,610.84 per ounce. The significant downward movement signals growing headwinds for precious metal investors, particularly those tracking palladium through ETF vehicles.
The decline reflects broader weakness in the palladium complex, as market participants reassess demand fundamentals and industrial applications. Investors holding palladium ETF positions saw their valuations compressed as the commodity failed to hold higher levels.
For traders monitoring palladium ETF performance, the 15% drawdown represents a meaningful correction that warrants attention. The $1,610.84 price point now serves as a key reference level as the market digests recent selling pressure in this essential industrial metal.