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.
Continue reading "Dollar rallies palladium, but auto industry woes set the tone"
Wednesday, September 10, 2008
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.
Continue reading "Is Palladium Losing Its Shine?"
Monday, September 8, 2008
Palladium futures for December delivery fell $16.90 to settle at $272.90 an ounce on Friday. For more information, click here
Continue reading "Palladium prices track oil to decline"
Friday, August 22, 2008
Even with the current price drops and uncertainty surrounding when they will make a turn around, some are still bullish about precious metals in the long-term. Given the recently doom and gloom headlines regarding the American economy, an end to the downward slide could be in sight.
Continue reading "Precious metal price drops: have they hit rock bottom?"
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Tuesday, October 21, 2008