Palladium Price Stuck in Trading Range

IBTimes reports that palladium prices have stuck in a narrow trading range all week.

The market news is quoted as saying,

Observers expect the short-term downward trend in the palladium price to continue, despite the recent spike to $800 per ounce. Given the bearishness prevalent among investors and traders at the moment, it is no surprise that palladium – an industrial metal that is deemed a “risk asset” – remains under pressure.