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IBTimes reported precious metal markets will remain volatile in 2012 with palladium likely to average $795 an ounce.
IBTimes reported precious metal markets will remain volatile in 2012 with palladium likely to average $795 an ounce.
As quoted in the market news:
Palladium prices are forecast to average $795 an ounce with the high at $950 and low at $575. While palladium does not possess the same cost support as platinum and could be exposed further on the downside, given the macro uncertainty, the upside potential for palladium is also greater than for platinum, given the potential exhaustion of state stock releases. Meanwhile the non-investment demand picture appears relatively robust, given growth in auto production in China and the US, the implementation of tighter emissions legislation and the substitution of platinum in diesel vehicles.