Investor Frostiness to Palladium Will Thaw

Precious Metals

Reuters reports darkening economic has investors pulling out of the palladium market, but it is most likely a cooling off period.

Reuters reports darkening economic has investors pulling out of the palladium market, but it is most likely a cooling off period.

The market news is quoted as saying,

Palladium, which is mainly used in catalytic converters for gasoline-powered vehicle engines, has been one of the weakest commodities this year, falling about 5 percent to around $750 an ounce, after having virtually doubled in 2010.

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