Palladium to reach $1,350 by the end of 2026 – Commerzbank

FXStreet Insights Team FXStreet

Palladium has also seen a considerable price increase of 44% since the beginning of the year – just yesterday, the price jumped up again. However, it is still lagging behind the other three major precious metals, Commerzbank's commodity analyst Barbara Lambrecht notes.

WPIC expects a supply surplus only in 2028

"The main reason for this below-average performance is the weak demand in recent years: the slump in sales in the automotive industry – most notably for combustion engines – is having a particularly negative impact on Palladium, as a significantly larger share of demand comes from the automotive industry than in the case of Platinum."

"Against this backdrop, the WPIC predicted in May that the Palladium market would already show a supply surplus next year. However, demand prospects have now been revised slightly upward, partly due to the lower price trend for Palladium relative to Platinum, and the WPIC now expects a supply surplus only in 2028."

"Nevertheless, there are clear signs of an easing in the Palladium market, which should limit the catch-up potential for Palladium. We are also raising our forecast for the price of Palladium, but do not see any further upside potential for next year: we expect the price of Palladium to reach $1,350 per troy ounce by the end of 2026 (previously: $1,300)."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD bounces off four-day lows, still below 1.3500

GBP/USD sticks to the bearish tone on Thursday, coming down to the 1.3480 region in the latter part of the NA session. In the meantime, Cable’s weakness comes as investors continue to assess mixed UK data, poor US results, and the persistent uncertainty surrounding the US-Iran conflict.

EUR/USD looks apathetic around 1.1530

EUR/USD reverses Wednesday’s downtick and trades with modest gains in the 1.1530 region following the end of the NA session on Thursday. The pair’s tepid advance comes on the back of the absence of clear direction in the US Dollar despite tensions from the Middle East appear far from alleviated. Later on Friday, investors are expected to monitor the the releases of another revision of GDP figures in the Euroland, US Retail Sales and the preliminary U-Mich gauge.

Gold loses the grip, recedes toward $4,350

Gold extends its intraday pullback on Thursday, retesting the $4,350 zone per troy ounce, or three-day troughs. Meanwhile, the yellow metal continues to monitor developments from the Middle East as well as bets surrounding the potential Fed’s rate path.

Ethereum Price Forecast: Fidelity plans to add staking to ETH ETF amid yield debate

Asset manager Fidelity has filed with the US Securities and Exchange Commission (SEC) to permit staking in its Ethereum (ETH) exchange-traded fund (ETF), the Fidelity Ethereum Fund (FETH), which holds over $898 million in net assets.

Week ahead – Summer lull could be tested by geopolitics and central bank expectations

US dollar stabilizes as September Fed hike bets remain subdued. Market volatility stays low, but thin liquidity could amplify movements. Key UK data could challenge pound strength; euro craves bullish catalysts.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.