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.
Continue reading "Palladium in limbo over auto bailout"
Tuesday, October 7, 2008
Palladium and other precious metals commonly used in industrial applications, such as platinum and silver, showed small improvements today, although the strength of the US dollar has been affecting their market values in the recent past.
Continue reading "Palladium spot prices rise on NYMEX"
Monday, September 29, 2008
Current Market Climate The proposed bailout of bad debts by the U.S. Treasury is being hotly debated in Congress: this debate is affecting commodity spot prices and stock market share prices all over the world. As government officials ponder the wisdom of assisting banks and investment houses by spending over 700 billion dollars purchasing bad [...]
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Tuesday, December 16, 2008