Standard Targets $950 Palladium On Basis Of Palladium-Adjusted Auto Sales

Forbes reports that Standard Bank still targets $950 for palladium based on expectations for palladium-adjusted auto sales.

The market news is quoted as saying,

The bank concludes, “One of the main driving forces behind the palladium-adjusted auto sales being better than platinum-adjusted auto sales is that China consumes more palladium for auto use. We still target $950 for palladium, and believe that the fundamental floor is at $700.”

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