Palladium Price Climbs to 25-Month High
Gold has posted gains on a weakening dollar and so is Palladium. According to chief executive officer of Anglo Platinum Ltd., Neville Nicolau, new discoveries of palladium may be in deficit for “most” of the next decade as Russia depletes stockpiles and uses for the metal increase.
Wolfgang Wrzesniok-Rossbach, head of sales and marketing at Hanau said: “People are looking for short-term direction, and currencies will be back as a driver of gold prices.”
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Mon, May 3, 2010
Post by Mike Rodger, Palladium Reporter