Palladium’s gains were snapped last Friday as the greenback rallied. The precious metal came under pressure as a study from the University of Michigan showed an unexpected increase in consumer confidence. This reduced the metals “safe-haven” appeal.
As less of the palladium is mined, the average production costs go up further since companies will have more difficulty covering their fixed costs without higher prices. For full story, click here
The real palladium price (in 2007 dollars) is expected to average $394/oz during the forecast period from 2008 till 2017. This is an increase of approximately 36 per cent over the average real price between 1976 and 2007. For full story, click here
Wednesday, April 1, 2009