Articles Tagged "trading"

Palladium chosen as safety against inflation

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 in limbo over auto bailout

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.

Precious metals market suffers as stock market crashes

The stock market events of Sept. 15, 2008 have impacted all commodities markets, including precious metals such as palladium and platinum. Investors are unloading commodities at a rapid pace, in an attempt to seek safer investments.

Palladium Rises while Gold Traders Square Up

Ahead of the long U.S. Labor Day weekend, many traders are already squared up or leveling out positions in quiet late-summer trading. John Person, president of NationalFutures.com, said: Nobody wants to hold a short position over the weekend. For more information, click here