Palladium Rallies as Analysts Expect Boom This Year
Palladium rose amidst a
The Barclays Capital analysts signal improved
Although palladium is under pressure from the car industry troubles and was affected badly by the excess stockpiles hoarded in Russia, it is going to benefit, and is probably already benefiting, from the shortage expected after the stockpiles are sold out. The production was cut significantly.
Palladium spot price went up from $654.50 to $660.25 for one troy ounce as of 17:09 GMT. Earlier, it has reached $665.96/oz — a new record high level since March 27.
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