Palladium futures advanced to around $1,895 per ounce, rebounding after a broad sell-off to reach a two-week high as precious metals remained supported despite a firmer dollar and softer-than-expected US inflation data. Expectations for a potential rate cut were reinforced after the US core Consumer Price Index rose 2.6% year-on-year in December, below analysts’ forecast of 2.7%. Softer inflation readings, along with broader market uncertainty, have bolstered safe-haven demand for precious metals. On the supply side, concerns persist over Russian palladium, as the US Department of Commerce launched anti-dumping and countervailing duty investigations, estimating a preliminary dumping margin of roughly 828% for unworked material. Case filings indicate that preliminary determinations were expected between late December 2025 and early January 2026, with final rulings slated for later in 2026, leaving the market exposed to potential supply constraints.
