HomeMarket NewsThe Dip of Palladium Below $1,000: Insights into the Impact of Slowing...

The Dip of Palladium Below $1,000: Insights into the Impact of Slowing Auto Sector Demand

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Palladium is a chemical element that at room temperature contracts in the solid state. Metal used in industry. Mineral extraction concept.

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Recently, palladium prices (XPDUSD:CUR) experienced a significant decline, dropping below $1,000/oz for the first time in five years. The price plummeted to as low as $991.53, marking a ~10% slide within a week due to apprehensions about a decelerating global economy.

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