The price of an ounce of palladium for the first time rose above $1,400 on Thursday. According to Bloomberg, despite the fall in demand for the metal, since mid-August, the value has increased by more than 65%. During trading, the value of palladium rose by 5.4% and managed to reach $1,439.29 per ounce. Metal is necessary for the production of filtration systems for car exhaust. Despite the decline in car sales in China and the EU and low economic growth in other markets, the palladium market did not feel a restraining influence. Commerzbank analysts are signaling a reason to buy metal: in South Africa, strikers are entering platinum mines. Metals Focus Ltd. believes that the shortage of palladium will continue this year.
Oil hikes after Trump says Saudi, Russia likely to resolve price war27.03.2020
Fed balance sheet rises $5 trillion for the first time since financial crisis26.03.2020
Singapore prepares for recession as virus-hit economy drops in first quarter20.03.2020
First round of QE sees Australia central bank buy $2.9 billion bonds