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19.08.202506:40:49UTC+00Palladium Drops on Fed Caution

Palladium futures declined to approximately $1,105 per ounce on Tuesday, reversing earlier gains in response to an overall downturn across the precious metals market. This drop was attributed to cautious market positioning ahead of the Federal Reserve's Jackson Hole symposium, set to take place from August 21st to 23rd, where investors eagerly anticipate policy direction from Chair Jerome Powell. Speculation about possible interest rate changes prompted investors to take profits and reduce speculative stakes in metals. In parallel, US President Donald Trump committed to offering security assurances to Ukraine after non-conclusive discussions with Russian President Vladimir Putin, with formal defense guarantees anticipated within a week to ten days. This pledge bolstered safe-haven investments in gold and US Treasuries, further dampening investor interest in industry-linked commodities like palladium.

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