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02.03.202605:07:30UTC+00Palladium Rises to 1-Month High

Palladium futures climbed above $1,800 per ounce, rebounding from recent losses to hit a one-month high as intensifying tensions in the Middle East heightened concerns over supply risks and broader market stability. The rally followed joint US-Israeli strikes that reportedly killed Iran’s Supreme Leader, Ayatollah Ali Khamenei, after which US President Donald Trump warned that combat operations would continue until strategic objectives are achieved, with the potential for further casualties. On the supply front, market conditions remain tight, as production disruptions in South Africa and persistent uncertainty surrounding Russian exports continue to restrict available volumes. Investors are now focusing on a slate of US labor market data due this week, including the ADP employment report, weekly jobless claims, and the non-farm payrolls release, all of which could shape expectations for dollar strength and future interest rate moves.

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