Gold, Palladium Rise on Industrial Demand

Precious Metals

Reuters reported that bullion extended gains after notching its second consecutive weekly gain, and as trade data showed U.S. futures investors’ bullish position rose last week for the first time this year.

Reuters reported that bullion extended gains after notching its second consecutive weekly gain, and as trade data showed U.S. futures investors’ bullish position rose last week for the first time this year.

The article states:

Both silver and palladium, which have stronger fundamentals, are way ahead in the pack among the precious metals,” said Miguel Perez-Santalla, vice president of Heraeus Precious Metals Management.

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