Standard Targets $950 Palladium On Basis Of Palladium-Adjusted Auto Sales
Forbes reports that Standard Bank still targets $950 for palladium based on expectations for palladium-adjusted auto sales.
Forbes reports that Standard Bank still targets $950 for palladium based on expectations for palladium-adjusted auto sales.
Bloomberg reports palladium climbed in New York at concern about Europe’s debt crisis, signs that the U.S. economy is slowing and a weakening dollar spurs demand for metals.
Bloomberg reports Russia’s RTS stock-index futures rose, signaling stocks may climb today in Moscow, as commodities rallied.
Bloomberg reports the global platinum surplus may jump eightfold after Japan’s worst earthquake slashed car production, reducing the country’s demand to the lowest level in 28 years.
Bloomberg reports Russia’s RTS stock-index futures fell amid concerns Europe’s sovereign debt crisis may reduce demand for Russia’s key exports.
Bloomberg reports that gold may gain in New York as speculation the Federal Reserve won’t start tightening monetary policy soon spurs demand for the metal.
The Street reports North American Palladium (AMEX:PAL) lost ground last week.
Seeking Alpha reports the reservoir for palladium is running dry and there's about to be some thirsty buyers.
Except for a ten-day period from March 14th to the 24th when palladium prices fell off a cliff and then steadily rebuilt, the impact of the Japanese troubles on the price of palladium has been limited.
ABC News reports that manufacturing industry boosts should increase demand for metals such as palladium. The article states: The Labor Department said manufacturers added 49,000 workers in January, the most since August 1998. It buoyed expectations that demand will increase for metals such as silver and palladium, which are used to produce a variety of [...]
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