---
symbol: "PALLADIUM"
name: "Palladium"
date: 2026-09-28
change_pct: -3.092209856915747
direction: "down"
event_type: "theme_sympathy"
url: "https://perplo.app/why/PALLADIUM/2026-09-28"
updated_at: 2026-09-28T23:06:46.665Z
---

# Why Palladium (PALLADIUM) fell 3.09% on September 28, 2026

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.

## Sources

- [Gold slips 4% to fall below $4,200 on firmer dollar, bond rout, and Fed hike bets](https://www.investing.com/news/commodities-news/gold-falls-below-4300-as-oil-fed-hike-bets-keep-pressure-on-bullion-4919230) — Investing.com

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