Palladium capitalizes on down economy

Palladium Investing News reports palladium prices rallied in the bleak economy.

On Monday, palladium spent the day range-bound, trading between $219 and $223 in Asia and London before dropping to $210 in early New York trade. However, it returned to $217 at market close. On Tuesday Palladium tracked sister metal platinum to a 4 month high of $228, closing with a gain of 5.2 per cent at $223. The metal is well on its way to challenging the November high of $235.

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