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Why platinum and palladium prices are moving today: key market drivers (Mar. 12, 2026)

Platinum and palladium are moving in opposite directions on March 12, with platinum pulling back again while palladium is trying to stabilize. The latest Trading Economics data shows platinum at $2,148.60/oz, down 2.53% on the day, while palladium is at $1,660/oz, up 0.45%. That split suggests platinum is seeing profit-taking after a strong run, while palladium is getting support from trade-risk headlines and supply sensitivity. Today’s pricing snapshot Trading Economics updated platinum on March 12 at $2,148.60/oz, with the metal still up strongly year over year despite today’s drop. Palladium was updated at $1,660/oz on March 12, up modestly on the day, though still lower over the past month. In other words, platinum remains the stronger longer-term performer, but palladium had the better day on March 12. 5 key drivers behind today’s move 1) Platinum still has a supply-deficit story underneath it The biggest support for platinum remains the physical

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