Why Palladium (PALLADIUM) fell 3.09%
Palladium (PALLADIUM) fell 3.09% on September 28, 2026 — Gold's $4,200 break crushes precious metals.
What happened
Gold slipped 4% below $4,200 amid firmer dollar, higher bond yields, and Fed hike bets; palladium fell 3.1% as part of the broad precious metals selloff.
Why it moved
Stronger dollar and elevated real yields drive simultaneous liquidation across all precious metals regardless of industrial vs.
Why it matters
Palladium's move fits the Precious Metals theme unwinding as a single macro trade: tighter Fed policy and dollar strength are repricing the entire asset class lower.
What would break the thesis
If Fed rate hike expectations moderate or the dollar reverses, the theme could stabilize; industrial palladium demand (auto production, green hydrogen) would matter only if macro backdrop shifts.