Palladium Hits New Low For The Year

Kitco reported on palladium trading and prices on Wednesday as the industrial metal hit a new low.

As quoted in the market news:

Palladium hit its lowest price of the year Wednesday as platinum group metals remained under pressure on continuing worries about the eurozone debt saga against a backdrop of slower economic growth in the U.S. and China.

However, traders describe themselves as upbeat on the metals in the longer term due to supply constraints and ideas that industrial and investment demand eventually will pick up as Europe deals with its debt problems and that authorities may ultimately provide more stimulus.

Click here to read the full Kitco report.