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US Auto Sales Signal Increased Demand for Palladium
Dec. 07, 2011 02:06PM PST
Precious Metals InvestingIBTimes reported palladium prices continued to rise in a two-month rally as sales of cars and trucks in the US signalled higher demand.
IBTimes reported palladium prices continued to rise in a two-month rally as sales of cars and trucks in the US signalled higher demand.
As quoted in the market news:
November car sales in the U.S. beat expectations, lifting palladium to more than 17 percent above its Nov. 28 price of $574 per troy ounce. In early morning trading, palladium climbed to $676.90, which is 21.3 percent above its price in early October.
Click here to read the full IBTimes report.