BofA Says Palladium, Other Metals Will Top Commodities in 2013

Bloomberg reported that Bank of America has issued a statement saying palladium is going to outperform other commodities in 2013 on policy easing by the Fed as well as supply constraints.

As quoted in the market news:

“Global economic growth will average 3.2 percent in 2013, “modestly” supporting demand for raw materials, analysts led by Francisco Blanch said in a report today. The so-called fiscal cliff of automatic tax increases and budget cuts could tip the U.S. economy into recession and “abrupt policy changes” in Europe may cause “large commodity price swings,” the analysts wrote. The bank is neutral on commodities, John Bilton, European investment strategist, told reporters in London today.”

Click here to read the full Bloomberg report.