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Trackinsight: Ukraine tensions send palladium ETFs up

01/28/2022 | 10:15am EDT

Palladium futures climbed sharply on this week, with prices reaching the highest since September.

As sabers rattle along the Russia-Ukraine borders, Palladium futures climbed sharply this week, with prices reaching the highest since September ? USD 2,350 / CAD $2918 per ounce. Russia is the largest producer of Palladium and analysts fear that a hot war would exacerbate already chocked supplies.

ETFs tracking the price of the precious metal rose an average of 9% this week, including the Aberdeen Standard Physical Palladium Shares ETF (PALL) and WisdomTree Physical Palladium ETC (PHPD), which gained 13.3% and 8.5% respectively. Despite the dip on Friday, Palladium ETFs have camped in the green territory on a year-to-basis ? with average returns of over 12%. In contrast, flows over the past few days did not follow suit as Palladium ETFs witnessed a collective $23 million of outflows.

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© www.trackinsight.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.78% 113.42 Delayed Quote.42.93%
PALLADIUM 1.52% 2006 Delayed Quote.3.34%
SILVER 0.42% 21.896 Delayed Quote.-6.70%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.35% 60.0165 Delayed Quote.-17.60%
WTI 0.76% 110.985 Delayed Quote.44.84%
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