---
title: "Palladium Extends Gains as Demand Outlook Improves"
description: "Palladium is trading at $1,788.5 per ounce, advancing 2.7% in active intraday dealings. The metal continues to attract strong buying…"
url: https://mintbuilder.com/market-alerts/palladium-extends-gains-as-demand-outlook-improves-3-feb-2026
lang: en
---

Palladium is trading at $1,788.5 per ounce, advancing 2.7% in active intraday dealings. The metal continues to attract strong buying interest as market participants respond to improving industrial sentiment and firm spot demand from the automotive sector. The price momentum reflects a rebound in investor confidence following a period of subdued trade across other precious metals.  
  
Market participants are closely watching supply-side developments that could influence the metal’s near-term trajectory. Limited mine output and tighter inventories have underpinned a structural deficit in palladium, amplifying sensitivity to changes in industrial usage. Technical traders note that sustained movement above current levels may reinforce bullish sentiment, while profit-taking could moderate the advance should momentum fade.  
  
**Key Drivers:**  
  
• Improved industrial demand amid stabilizing manufacturing activity  
  
• Constrained global supply supporting continued tightness in the market  
  
*This material is for informational purposes only and does not constitute financial advice, a recommendation, or a solicitation to buy or sell any commodity or financial instrument.*
