Palladium futures fell toward $1,105 per ounce on Tuesday, reversing earlier gains amid broad-based weakness across precious metals. The decline reflected cautious positioning ahead of the Federal Reserve’s Jackson Hole symposium, scheduled for August 21–23, where investors await policy guidance from Chair Jerome Powell. Expectations of potential rate adjustments spurred profit-taking and a pullback in speculative exposure across metals. Meanwhile, US President Donald Trump pledged to provide security assurances to Ukraine following inconclusive talks with Russian President Vladimir Putin, with formal defense guarantees expected within 7–10 days. The commitment reinforced safe-haven flows into gold and US Treasuries, further weighing on investor appetite for industrial-linked assets such as palladium.
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