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Palladium Soars to 16-Month High, Analysts Forecast More Gains
Jan. 28, 2013 10:11PM PST
Precious Metals InvestingForbes reported that palladium continues to outperform other metals as concerns about Russian supplies running out encourage a buying frenzy.
Forbes reported that palladium continues to outperform other metals as concerns about Russian supplies running out encourage a buying frenzy.
As quoted in the market news:
Analysts say much of the recent strength in palladium came after statements from officials with companies that have good reputations for their grasp of supply issues. In particular, they cited comments out of Johnson Matthey and Russian producer Norilsk Nickel last week suggesting little above-ground official warehouse stocks may remain in Russia.