Palladium Prices to Struggle in 2012

Reuters Africa reported a poll that shows palladium and platinum are expected to struggle in 2012 on cut backs due to worries about the economic crisis in Europe.

As quoted in the market news:

Palladium is expected to average $725.00 an ounce down from the $868.00 forecast back in July and below the median trading price of $748.30 of 2011.

The survey of 28 analysts offered a range from $846.00 to a low of $555.50. In 2013, the palladium price is expected to rise to average $818.75 an ounce.

Click here to read the full Reuters Africa report.