Articles Tagged "gain"

Palladium ETF securities soar

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.

Is Palladium Losing Its Shine?

The decline in auto industry sales is having a profound effect on palladium values in the world market. Palladium and platinum are used in catalytic converters and other auto parts: the demand for the precious metals is slackening as a result of higher gas and oil prices.

Biggest gain for Palladium in 2 weeks

Palladium for June delivery in Tokyo gained 4.6 percent to close at 1,016 yen a gram ($287 an ounce), the biggest gain since Aug. 6, on expectations that rising inflation will increase demand of the commodity. For more information, click here