Palladium May Gain on Europe Debt Woes

Bloomberg reported that precious metals may gain on concern about Europe’s debt crisis and increasing physical demand.

As quoted in the market news,

Russia plans to export 4 to 4.5 metric tons of palladium next year and the same amount the following year, Interfax said, citing an unidentified Finance Ministry official connected to the state repository, Gokhran. The country may stop palladium sales after that, the news service said.

Click here to read the full Bloomberg report.