Effect of U.S. ETF launch on Palladium value

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.

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