Palladium spot prices remained unchanged on the NYMEX today after the Dow Jones market rally of Oct. 13.08. Some precious metals such as gold suffered losses today as "safe haven" investing in precious metals and other, traditionally "safe" investments, took a backseat due to rebounding market conditions. Today, the market rally calmed as investors stopped to assess the current market climate before re-entering as buyers.
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.
Palladium and platinum values have tumbled on world markets as auto sales continue to stall, and the proposed 700 billion dollar bailout by Congress may or not be reconfigured to pass into law.
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