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    Palladium Edges Up on Higher Demand

    Investing News Network
    Feb. 02, 2012 02:11PM PST
    Precious Metals Investing

    Reuters reported precious metals moved higher on Thursday with palladium edging up.

    Reuters reported precious metals moved higher on Thursday with palladium edging up.

    As quoted in the market news:

    …spot palladium was up 0.4 percent at $696.75 an ounce.

    Price-positive news also filtered through from the demand side of the market. Most platinum and palladium is consumed by the car industry for use in catalytic converters.

    Click here to read the full Reuters report.

    catalytic converters
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