Palladium Reaches Two-Month High

Bloomberg reported palladium futures rose to a two-month high as investors speculate demand for automobiles will grow.

As quoted in the market news:

U.S. sales of light vehicles in November expanded at the fastest pace in more than two years. Global car and light- vehicle purchases will rise to a record in 2012, according to LMC Automotive Ltd., a research company in Oxford, England. Palladium prices rose for the eighth straight session, reaching a 10-week high. Last month, the metal dropped 5.9 percent.

Click here to read the full Bloomberg report.