Tag Archive | "global economic slowdown"

Dollar rallies palladium, but auto industry woes set the tone

Tuesday, October 21, 2008

Palladium prices rallied on Monday, as the weaker dollar encouraged a recovery in the commodities prices after heavy losses last week. Bargain hunting after last weeks lowest price point was hit drove spot palladium to an intraday high of $197 an ounce, more than a five percent rally.

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