Weak auto sales numbers and the fears of a double-dip recession hindered the price of palladium in early July. However the metal has been rebounding due to better than expected earnings in the US, as well as on the promising news of European bank stress tests.
Continue reading "A Turbulent Month for Palladium"
Wednesday, June 16, 2010
Fears of a slowing recovery and a luke warm auto sales market have hurt the price of palladium over the past month. While sales in the largest markets mainly China and the US have improved year over year, data suggests a weaker outlook than predicted.
Continue reading "Auto Sales Drive Palladium Price"
Tuesday, May 25, 2010
Prices of palladium and platinum have continued to slide down in Europe which is not a good for investors. Platinum fell about 3 percent $1,492.75 an ounce against $1,526.50 in the previous week. Wolfgang Wrzesniok-Rossbach, head of sales at Heraeus is quoted saying: “As far as industry is concerned, it is a lot quieter today, [...]
Continue reading "Palladium and Platinum Prices Continue to Fall in Euro"
Monday, May 10, 2010
Palladium (Pd) and platinum (Pt) continue to turn down and this worries investors as the debt problems in Greece continue to spread. It might soon reach other countries like Spain and Portugal and upend a global economic recovery. The press release is quoted as saying: “July platinum fell 70 cents to $1,665.80 an ounce after [...]
Continue reading "Palladium and Platinum Drop Worries Euro"
Monday, May 10, 2010
Palladium’s surge in price may come to an end after a four year holding of the most expensive title over Platinum. This is due to China’s fewer car sales and incentives as well as lower purchases by investment funds. “The market is overplaying the supply shortage in palladium,” said Bayram Dincer, a commodities analyst at [...]
Continue reading "Palladium Price Depletes in China"
Monday, April 19, 2010
The price of palladium is soaring to a 25-month high on the back of rebounding automotive sales, ETF trading and concerns over a depletion of Russian stockpiles. The price has doubled in the past year, and some analysts see the trend continuing.
Continue reading "Palladium Price Soaring"
Monday, November 2, 2009
Political wrangling over the General Motor bailout could well be the silver lining for Stillwater Mining Co. Other automakers continue to use palladium, thereby ensuring higher prices.
Continue reading "Politics & Palladium: Showtime!"
Tuesday, August 4, 2009
Palladium prices climbed to an 11 month high of $274.50 an ounce on Tuesday, as dollar weakness and growing investor risk appetite boosted the precious metals complex.
Continue reading "Palladium touches 11-month high"
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"
Wednesday, January 28, 2009
In the first six months of ’09, palladium’s value could range from $125 to $300 per ounce. The outlook for palladium is positive in some of its applications, however, a worsening economic climate and the possibility of a stronger US dollar could send palladium to as low as $125/oz during the next six months.
Continue reading "What does 2009 have in store for palladium?"
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Wednesday, July 28, 2010