On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.
Palladium was up 0.9 percent at $176.50 an ounce. 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.
Duluth Metals new NI 43-101 Preliminary Economic Assessment confirms higher production rate and positive economics with current metal prices. 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 said. For full story, click here
Palladium is just another metal that is having a bad year, and according to an industry report things will not be looking up anytime soon. The outlook for palladium in certain applications is positive, however deteriorating economic conditions around the globe continue to impact price.
The chairman of the Stillwater Mining Co. said company officials are reviewing operations as prices for palladium plummet and Detroit automakers struggle. For full story, click here
Prices of Palladium surged the most in 8 months in New York as equities rallied worldwide, helping to boost demand for precious metals. For full story, click here
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.
Palladium and platinum values have tumbled on world markets as auto sales continue to stall, and the proposed 700 billion dollar bailout by Congress may or not be reconfigured to pass into law.
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