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    market news

    Palladium Price Climbs to 25-Month High

    Investing News Network
    May. 03, 2010 03:27PM PST
    Precious Metals Investing

    Gold has posted gains on a weakening dollar and so is Palladium. According to chief executive officer of Anglo Platinum Ltd., Neville Nicolau, new discoveries of palladium may be in deficit for “most” of the next decade as Russia depletes stockpiles and uses for the metal increase.
    Wolfgang Wrzesniok-Rossbach, head of sales and marketing at Hanau […]

    Gold has posted gains on a weakening dollar and so is Palladium. According to chief executive officer of Anglo Platinum Ltd., Neville Nicolau, new discoveries of palladium may be in deficit for “most” of the next decade as Russia depletes stockpiles and uses for the metal increase.

    Wolfgang Wrzesniok-Rossbach, head of sales and marketing at Hanau said: “People are looking for short-term direction, and currencies will be back as a driver of gold prices.”

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