Currently, palladium trades at $1,135.35 per ounce, as of 9 a.m. ET, compared to gold, which trades at $2,754.27 per ounce.

Oprah's Favorite Things 2024 is here, and it's full of fashion gift ideas. Check out Bazaar's top picks, including a Telfar bag and puffer coat you can buy on Amazon.