30.06.2020 PALLADIUM Daily Analysis
The interesting fact is that after gold, other precious metals including silver, palladium, and platinum joined the party. First, Palladium is used as
Yayınlanma: 30 Haziran 2020 19:51
Güncellenme: 30 Nisan 2024 09:19
30.06.2020 PALLADIUM Daily Analysis
The interesting fact is that after gold, other precious metals including silver, palladium, and platinum joined the party. First, Palladium is used as catalytic converters which put a lid on unsafe emissions from cars. Now, China’s passenger-vehicle sales grew the most in 17 months and hinted at surging demand for palladium from the auto sector. Second, analysts also believe that after gold’s stupendous rally so far this year; traders may be trying “something New and Exciting. As per street.com, “Palladium supplies are expected to fall by 4% worldwide” while the demand profile is likely to increase 3%. As per an analyst, demand for platinum will likely pick up in India in 2H of 2016 as demand among young buyers is rising given a 10–12% price gap with gold.
