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IBTimes reported gold and silver retreated as palladium and platinum rose today.
IBTimes reported gold and silver retreated as palladium and platinum rose today.
As quoted in the market news:
The noble metal palladium (still our favorite medium-term play) partially benefited from recent robust GM and Toyota car sales figures coming out of China and partially from the replay of the story that Russia’s state-owned palladium reserves are running out. In late October a Ministry of Finance official told the media that 2011 is likely to be the last year during which Russia will make any “substantial” palladium deliveries from its state-run Gokhran depository.
Click here to read the full IBTimes report.