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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.
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.
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