Palladium price has deviated from other precious metals like gold, silver, and platinum. It has dropped by more than 36% in the past 12 months while platinum price has jumped by over 10% in the same period. Gold price and silver have all jumped by more than 10% in the same period.
Palladium price was one of the best-performing precious metals in the past decade. The metal jumped from $160 in 2008 to an all-time high of $3,000 in February this year.
Palladium bore the brunt of the Ukraine war as it first shot to $3,447 per ounce (intra-day) and fell by a massive 105% to $1,675 per ounce.
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