12 days ago • Posted by Martin Boujol
Palladium is worth more than gold, and its price might continue climbing
The surge of the palladium price has granted it the title of most-expensive major traded precious metals in the world. Better yet, its price might increase even further along with the demand. Palladium had hit an all-time high of $3,018 an ounce in May. Overall, the palladium market is set to be in deficit as the auto industry rebounds, unlike gold whose price might weaken back to $1,700, because of strengthening US dollar and rising yields.
Source: Bloomberg, Yahoo Finance