The Conversation (0)
Investment U reports gold isn’t the top dog in precious metals instead palladium and silver share that spot as strikes in South Africa are in full swing.
Investment U reports gold isn’t the top dog in precious metals instead palladium and silver share that spot as strikes in South Africa are in full swing.
The market news is quoted as saying,
Last week, palladium hit a peak of $845, its highest since February. And just think, last year at this time, palladium was at $469 per ounce.
So, concerns about the South African strikes impacting mine production put some upward pressure on a lot of precious metals prices. It’s important to note that South Africa is one of the largest palladium producers on the planet.