Staff Answer
May 20, 2026 - 06:27 AM
At 9:00 AM ET today, May 20, 2026, the spot price of palladium is down to $1,381.50 per troy ounce. This equates to a decline of 0.29% compared to yesterday morning's baseline of $1,385.50.
Palladium remains highly sensitive to automotive supply chain expectations and global manufacturing indexes. The minor retreat this morning mirrors the broader precious metals complex, as high-interest-rate fears momentarily strengthen the U.S. dollar index, making dollar-denominated commodities costlier globally. Furthermore, because palladium relies heavily on gasoline catalyst fabrication, current high energy costs and stagflationary pressures are causing automotive manufacturers to opt for conservative procurement schedules, keeping palladium prices locked in a technical consolidation channel.
