Palladium Prices Rise on Bernanke’s Comments

CNBC reports that palladium and other precious metals rose after Federal Reserve Chairman Ben Bernanke said the Fed is ready to support a stimulus.

The market news is quoted as saying,

Palladium, which depends largely on the Chinese car market as a source of demand for the metal in gasoline-powered vehicles, rose 2.4 percent to $780.22 an ounce.

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