Palladium Advances Amid Weak US Jobs Data

Reuters reported that palladium advanced 22cents to $724.22 per ounce as a weaker US jobs data suggests the US Federal Reserve will continue to purchase bullion-friendly bonds.

As quoted in the market news:

The weak jobs data reduced the chance the Fed would alter its current $85 billion monthly purchases of mortgage-backed securities and Treasuries known as qualitative easing in a bid to boost economic growth.

Click here to read the full Reuters report.