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Bloomberg reported palladium may decline an additional 7.8 percent, according to technical analysis by TD Securities Inc.
Bloomberg reported palladium may decline an additional 7.8 percent, according to technical analysis by TD Securities Inc.
As quoted in the market news:
Prices may drop to $600 an ounce in the next few weeks after yesterday falling below the 100-day moving average for the first time since early January, a move some investors view as a signal for further declines, Osborne said. The measure is near $667. The metal is also below its 55-day and 200-day averages, adding to the bearish signs, he said.