Archive for 2008

Palladium at $184/192

The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here

Palladium in limbo over auto bailout

Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.

Palladium prices may slump to $125/oz

Bleak economic prospects and a stronger dollar could over the next six months send prices of precious metal palladium to near 12-year lows $125 an ounce, an industry report showed. For full story, click here