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    market news

    U.S. palladium ETFs set to trade

    Investing News Network
    Jan. 08, 2010 11:39AM PST
    Precious Metals

    On Friday, the first U.S. platinum and palladium exchange-traded funds will launch, giving U.S. investors easier access to the industrial metals, which have already rallied on hopes for more fund-based stockpiling.

    On Friday, the first U.S. platinum and palladium exchange-traded funds will launch, giving U.S. investors easier access to the industrial metals, which have already rallied on hopes for more fund-based stockpiling.

    The news release is quoted as saying:

    Platinum group metals have outperformed gold since the beginning of December, when the launch of the ETFs was widely anticipated among traders. During that period, platinum was 7 percent higher, and palladium was up 17 percent, compared with a 4 percent decline in gold.

    Click here to access the entire press release

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