Palladium ETF (PALL) Hits New 52-Week High

Core Viewpoint - The Aberdeen Standard Physical Palladium Shares ETF (PALL) has recently reached a new 52-week high, with shares increasing approximately 80.2% from their 52-week low of $82.39 per share, raising questions about potential further gains for the ETF [1]. Group 1: ETF Overview - PALL reflects the performance of palladium prices, minus the Trust's expenses, and is designed for investors seeking a cost-effective way to invest in physical palladium [2]. - The ETF charges an annual fee of 60 basis points and has assets under management (AUM) of $907.8 million [2]. Group 2: Market Influences - Rising tensions in U.S.-China trade relations have contributed to an increase in palladium prices, with many investors viewing the metal as a safe-haven asset [3]. - Expectations of U.S. interest rate cuts and a potential decline in the value of the U.S. dollar are also favorable for palladium [3]. Group 3: Future Outlook - PALL has a Zacks ETF Rank of 3 (Hold) with a high-risk outlook, but it possesses a weighted alpha of 74.94, indicating potential for further gains if the operating environment remains favorable [4].