
Palladium futures rose toward $1,500 per ounce, rebounding from earlier losses as traders recalibrated their positions around shifting geopolitical signals. The rebound was reinforced by firmer sentiment across the broader metals complex and cautious optimism surrounding developments in the Middle East. President Trump said the US will begin escorting commercial ships through the Strait of Hormuz as part of a “humanitarian” effort, while also pointing to “very positive” discussions with Iran that have slightly reduced immediate escalation fears, though overall uncertainty remains high. Attention is also focused on upcoming macroeconomic signals, including US Treasury borrowing plans, Federal Reserve commentary, and key employment data. On the supply side, the market remains tight, with output disruptions in South Africa and ongoing geopolitical sensitivity around
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