The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Gold, silver, platinum, palladium, other metals, agriculture, and probably a few other commodities will continue to go up. For full story, click here
Palladium climbed to $187 an ounce from $183. For full story, click here
Bleak economic prospects and a stronger dollar could over the next six months send prices of precious metal palladium to near 12-year lows $125 an ounce, an industry report showed. For full story, click here
Prices of precious metals platinum, palladium and silver are expected to slump next year as demand sags in line with economic growth. This is tough news, considering how much of a price decline the metals have already witnessed in 2008.
The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. Palladium at $184/192 an ounce against $187.50. For full story, click here
Palladium for March delivery lost $6.05, or 3.1 percent, to $191.65 an ounce. For full story, click here
Bleak economic prospects and a stronger dollar could over the next six months send prices of precious metal palladium to near 12-year lows $125 an ounce, an industry report showed. For full story, click here
Palladium for immediate delivery advanced 1.3 percent to $198 an ounce after rising 5.4 percent in the previous trading session. For full story, click here
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