Palladium futures rose to around $1,350 per ounce, extending gains to a one-week high as a weaker US dollar and renewed precious-metals demand supported prices. The dollar weakened after the US Treasury unexpectedly increased long-dated debt buybacks, with Treasury Secretary Scott Bessent signaling purchases could exceed $4 billion per issue. The move initially eased yield pressures and supported non-yielding metals, while gold was on track for a third consecutive weekly gain. Rebounding Treasury yields and higher energy prices could limit palladium’s advance by keeping inflation risks and expectations for interest-rate increases elevated. Heightened US-Iran tensions, including threats of tougher economic measures, added to safe-haven demand. Supply concerns over lower Russian palladium output and reduced refined production caused by processing disruptions in South Africa also continued to underpin prices.