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NASDAQ reported that the ETFS Physical Palladium Shares (NYSE:PALL) is up 3.4 percent this year, unlike the SPDR Gold Shares (NYSE:GLD), which has slipped 22.4 percent, and the iShares Silver Trust (NYSE:SLV), which is down 35.3 percent year to date.
NASDAQ reported that the ETFS Physical Palladium Shares (NYSE:PALL) is up 3.4 percent this year, unlike the SPDR Gold Shares (NYSE:GLD), which has slipped 22.4 percent, and the iShares Silver Trust (NYSE:SLV), which is down 35.3 percent year to date.
As quoted in the market news:
PALL is up 3.4 percent this year and has been driven higher by some key differences between the white metal and gold.
‘The use of these two metals is quite different. Gold is used primarily for jewelry (43.5% of 2012 demand) and investment (35%), according to World Gold Council. Meanwhile, palladium is used mostly as an auto-catalyst in the catalytic converters of gasoline-powered cars to control exhaust emissions (67%), and secondly in electronics (12%), according to palladium miner North American Palladium,’ said S&P Capital IQ in a new research note.