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    market news

    Platts: Palladium Sentiment Shaky

    Teresa Matich
    Jan. 22, 2016 09:37AM PST
    Precious Metals

    Platts reported that sentiment towards palladium remained shaky this week, as palladium prices stayed under pressure amidst a broader rout in commodities prices.

    Platts reported that sentiment towards palladium remained shaky this week, as palladium prices stayed under pressure amidst a broader rout in commodities prices.
    As quoted in the publication:

    Palladium is a key ingredient in autocatalysts built for gasoline-fuelled engines.
    “It’s bleak,” said one physical trader. “Still when I started in the business palladium was around $83/oz, so from that perspective $500 is pretty good.”
    The London Bullion Market Association Palladium Price settled at $547/troy oz on the morning of January 4, the first trading day of 2016.

    Click here for the full press release.

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