Palladium Price History Timeline
Explore major historical events that moved palladium prices from 1971 to 2024.
- Pandemics
COVID-19 Pandemic Declaration
The WHO declared COVID-19 a global pandemic as the virus spread worldwide, triggering unprecedented lockdowns and economic collapse. Central banks launched the largest monetary stimulus in history - the Fed cut rates to zero and purchased $120 billion/month in assets. Gold initially dipped during the March liquidity crisis but then exploded to an all-time high of $2,067/oz in August 2020. Silver surged 150% from its March lows. Trillions in stimulus and negative real rates made precious metals incredibly attractive.
- gold
- +40%5 months$2,067/oz (all-time high)
- silver
- +150%5 months (from March lows)$29.14/oz
- platinum
- +72%5 months (from March lows)From $595/oz to $1,025/oz
- palladium
- -31%2 months (initial crash)From $2,875/oz to $1,985/oz
View Gold ChartSources: World Gold Council, WHO, Federal Reserve - Geopolitical Events
Russia Invades Ukraine
Russia launched a full-scale invasion of Ukraine, triggering the largest European war since 1945. Western nations imposed severe sanctions on Russia, disrupting global energy and commodity markets. Gold initially spiked to $2,070/oz (matching the COVID high) as fear peaked, but later retreated as the war became protracted. Palladium (where Russia controls 40% of supply) soared 80% in days. Nickel trading was suspended on the LME after prices more than doubled in hours.
- gold
- +14%2 weeks$2,070/oz
- palladium
- +52%3 weeks$3,440/oz (record high)
- platinum
- +23%2 weeksFrom $1,015/oz to $1,248/oz
View Gold ChartSources: LME, LBMA, World Platinum Investment Council
Track Live Precious Metal Prices
History provides context, but live data drives decisions. Monitor real-time gold, silver, platinum, palladium, and copper prices with interactive charts.