Palladium Tops $3,000 for First Time Amid Undersupply Palladium rose above $3,000 an ounce for the first time on Friday as the market worried about a shortage of the metal embedded by automakers in exhaust pipes to neutralize emissions. “Palladium has been in a structural deficit for 10 years. FXEmpire.com - The outlook for commodity prices remain bullish, given the current weakness in the U.S. Dollar, shortages due to the reopening of the global economy and expectations that the Federal Reserve will allow U.S. inflation to exceed mandated levels.