UBS cuts its palladium forecast to $1,100 per ounce
UBS lowered its palladium price forecast to about $1,100 per ounce over the next 12 months, after cutting its previous estimates for December, March and June by $100 to $200. The Swiss bank attributed the revision to reduced investor positions and a more bearish sentiment in the options market. It also cited the drop in Chinese palladium imports, from nearly 8.6 metric tons in April to 3.4 in September, and the wider discount to platinum, which could support automotive demand.
In 40 seconds
- UBS sees palladium at about $1,100 per ounce over 12 months and cut its previous estimates by $100 to $200.
- The bank cites lower investor positions and more bearish sentiment in the options market.
- Chinese palladium imports fell from nearly 8.6 tons in April to 3.4 tons in September, about 60%.
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.




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