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Apr 30, 2026 - 06:17 AM
The palladium spot price has hit $1,500.00 per ounce as of 9 AM ET today, up 3.38% from yesterday’s $1,451.00. The primary catalyst for today’s movement is the looming threat of U.S. tariffs on Russian palladium imports, which Reuters reports could significantly tighten domestic supply. With the Department of Commerce estimating high potential duties, traders are preemptively buying the metal to hedge against future supply disruptions.
