What is the spot price of palladium
Spot palladium prices can and do change, sometimes rapidly and significantly. As a global market, palladium can be influenced by both industrial demand as well as investment demand. On the industrial side of the ledger, auto demand can have a significant impact on the price of palladium as it is a key component of catalytic converters. If demand declines, prices may potentially fall and if demand increases, prices may potentially rise.
On the investment side of the ledger, palladium prices can potentially be affected by interest rates, currency markets and other geopolitical risks. Dollar-denominated asset classes like palladium may potentially rise in value as the dollar declines, and therefore may be purchased as a type of hedge.
The macroeconomic picture can also have a heavy influence on the price of palladium. During an economic boom, the metal may potentially see more industrial demand while during a recession, demand may potentially decline.
Arguably the most overlooked precious metal for investment is palladium, and many people do not know how easy it is to sell palladium at fair market value… until now.
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Feel like you have any queries or questions that haven’t been answered so far? Not to worry, that’s why we’ve put together a comprehensive FAQ section below, answering any questions you might have relating to selling palladium, how to sell palladium coins and bars, and basically anything else you could possibly ask for when it comes to selling this highly investable, rare precious metal.