Reported about 1 month ago
Palladium prices jumped nearly 9.5% following the US proposal for G7 countries to impose sanctions on Russian exports, as this could tighten supply. With Russia being a major palladium producer, the potential sanctions have sparked renewed buying interest. Meanwhile, gold saw a modest increase of 0.3% due to signs of economic resilience in the US, which may influence the Federal Reserve's monetary policy.
Source: YAHOO