CNBC reported ETF and ETN strategists considering platinum and palladium should remember the white metals are expected to surge on increased demand.
CNBC reported ETF and ETN strategists considering platinum and palladium should remember the white metals are expected to surge on increased demand.
As quoted in the market news:
Taking both supply and demand into account leads Van Eck Global’s Charl Malan to the semi–precious metals platinum and palladium. Malan, a senior metals and mining analyst for the commodity asset manager, says both metals should benefit from surging auto demand in China.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1823.11 | +2.63 | |
| Silver | 20.81 | +0.01 | |
| Copper | 4.12 | +0.02 | |
| Palladium | 1943.00 | +10.00 | |
| Platinum | 956.00 | +9.00 | |
| Oil | 107.37 | +1.24 | |
| Heating Oil | 3.76 | +0.03 | |
| Natural Gas | 7.67 | -0.07 | |
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