Effect of U.S. ETF launch on Palladium value

- January 12th, 2010

Palladium more than doubled in value in 2009, and prices are extending those gains this year. It hit Its highest since mid-2008 last week amid news of the launch of the U.S. ETFs and signs industrial demand is rising.

Palladium more than doubled in value in 2009, and prices are extending those gains this year. It hit Its highest since mid-2008 last week amid news of the launch of the U.S. ETFs and signs industrial demand is rising.

The news release is quoted as saying:

The launch of platinum and palladium-backed exchange-traded funds on the New York market has given U.S. investors their first opportunity to invest in the metals via an ETF.

Click here to access the entire press release

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