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Bloomberg reported investors are buying palladium at a faster than usual rate as analysts predict rising rates on higher car sales.
Bloomberg reported investors are buying palladium at a faster than usual rate as analysts predict rising rates on higher car sales.
As quoted in the market news:
Holdings in palladium-backed exchange-traded products rose 14 percent this year, poised for the best quarter since the end of 2010, data compiled by Bloomberg show. The metal will average $850 an ounce in the final three months of 2012, 32 percent more than now, according to the median estimate of 11 analysts surveyed by Bloomberg. They expect a gain of 15 percent for gold, 13 percent for silver and 11 percent for platinum.