ETF Daily News reported that of the key precious metals, palladium has held up the best this year. Moving forward, palladium prices are set to move even higher on the back of demand from the automotive sector.
Articles Tagged "auto market"
InvestorPlace reported that because palladium tends to trade in tandem with auto stocks, auto stocks can indicate — sometimes weeks ahead of time — what the ETFS Physical Palladium Shares (ARCA:PALL) will do next.
Before palladium investors make a move based on manufacturing data there are a few things to consider.
The palladium market has bullish fundamentals. The question is whether they will pay off for short-term investors.
The price of palladium is soaring to a 25-month high on the back of rebounding automotive sales, ETF trading and concerns over a depletion of Russian stockpiles. The price has doubled in the past year, and some analysts see the trend continuing.