🔴 Palladium is trading 4.3% down today as surging yields and inflation pressure metals

Palladium is trading 4.3% down today at $1,357 as rising U.S. inflation and surging bond yields pressure the precious metals sector.

• Markets are pricing in higher-for-longer interest rates, extending a multi-day slide and last week's pullback.
• The bearish macro backdrop is currently outweighing a bullish Metals Focus report that forecasted a 37% price surge based on ongoing supply deficits.