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ETF Daily News palladium is also seeing elevated interest now from the investors who are already heavily invested in gold and silver, but still want to remain exposed or increase exposure to the precious metal group.
ETF Daily News palladium is also seeing elevated interest now from the investors who are already heavily invested in gold and silver, but still want to remain exposed or increase exposure to the precious metal group.
As quoted in the market news:
The demand for this metal comes mainly from the automotive industry, where palladium is used in catalytic converters to decrease harmful emissions. With a rebound in the automotive industry despite the global economic slowdown, the demand for this precious metal is expected to rise. Further, more and more auto-makers are now using palladium in place of more expensive platinum, wherever possible.
Click here to read the full ETF Daily News report.
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