Staff Answer
May 28, 2026 - 06:26 AM
The palladium spot price has fallen to $1,381.50 per ounce as of 9 AM ET today, May 28, 2026, representing a sharp 2.02% drop from yesterday's opening price of $1,410.00. Palladium is under notable selling pressure today due to a combination of technical chart breakdowns and shifting automotive trends. Growing EV market share gains continue to erode long-term demand expectations for catalytic converters, while the broader commodities sector is facing headwinds from a rising greenback and hawkish shifts in global monetary policy outlooks.
