Standard & Poor’s GSCI Gauge Rises 1.4%
Blomberg reported Standard & Poor's gauge of 24 commodities rose 1.4% to 623.34.
Articles Tagged "precious metal"
Politics & Palladium: Showtime!
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.
Palladium steady despite precious metal price retreat
Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
Palladium prices stable after market rally
Palladium spot prices remained unchanged on the NYMEX today after the Dow Jones market rally of Oct. 13.08. Some precious metals such as gold suffered losses today as "safe haven" investing in precious metals and other, traditionally "safe" investments, took a backseat due to rebounding market conditions. Today, the market rally calmed as investors stopped to assess the current market climate before re-entering as buyers.
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.
