Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
Continue reading "Palladium steady despite precious metal price retreat"
Tuesday, February 10, 2009
Exchange Traded Funds that deal in the precious metals have been seeing an increase in business, lately. ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to Feb. 6.
Continue reading "Palladium ETF securities soar"
Tuesday, December 16, 2008
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"
Friday, November 14, 2008
Prices of Palladium surged the most in 8 months in New York as equities rallied worldwide, helping to boost demand for precious metals. For full story, click here
Continue reading "Palladium Prices up in N.Y. as Global Equities rise"
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Wednesday, March 25, 2009