Palladium touches 11-month high

Palladium Investing News reports palladium prices reaches a new high.

Palladium, which is primarily used as a material in catalytic converters, had already posted hefty gains on Monday after data showed U.S. car sales rose to a 2009 high in July.

Increasing confidence in the markets is shifting capital out of the bond market and into equities. Renewed interest from investment funds buoyed commodities and equities alike, as the market focused on economic recovery rather than deflation, which had decreased inflation-hedge buying in gold earlier this year.

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