Palladium Nudges Up on Positive U.S. Auto Data

Reuters reported precious metals were up across the board on Thursday including palladium which rose on better than expected auto sales in the U.S.

As quoted in the market news:

Better-than-expected U.S. auto sales helped sentiment in platinum group metals which are mainly used as catalytic converters to clean tailpipe emissions in cars.

Spot platinum was up 1.3 percent at $1,696.49 an ounce, while palladium was up 1.9 percent at $711.72.

Click here to read the full Reuters report.