Precious Metals: Palladium Prices Ease

IBTimes reported palladium eased in trade on Wednesday.

As quoted in the market news:

Platinum and palladium eased, with platinum down 0.4 percent at $1,585.74 an ounce and palladium off 0.5 percent at $633.22 an ounce.

Data earlier in the day that showed car sales in China had cooled in March following sharp gains in February weighed on palladium.

Palladium is used mainly in catalytic converters in engines of vehicles powered by gasoline. China is now the world’s largest car market and is chiefly gasoline-driven.

Click here to read the full IBTimes report.