Palladium

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.

MARKETS

Markets
TSX19189.36-65.20
TSXV623.27+3.51
DOW32000.41-197.18
S&P 5003995.05-28.56
NASD11895.08-137.35
ASX6823.20+15.90

COMMODITIES

Commodities
Gold1753.08+14.44
Silver19.76+0.62
Copper3.47+0.04
Palladium2083.50+62.50
Platinum886.00-2.00
Oil97.76+0.50
Heating Oil3.62-0.02
Natural Gas8.43-0.12

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