Live Metal Prices / oz
Gold: 1202.87 USD
Silver: 14.01 USD
Platinum: 844.00 USD
Palladium: 1084.50 USD
Rhodium: 2485.00 USD

Palladium Remains Strong

Precious metals prices have been under significant pressure as the market shrugs of political uncertainty in Europe. And the U.S Federal Reserve looks likely to increase interest rates in June. However, while gold and silver have been feeling the pain, palladium continues to show remarkable resilience in the face of all these challenges. 

Palladium continues to see strong demand for use in automobile catalytic converters. While automotive sales are slowing in developed markets, vehicle emission standards on gasoline vehicles are improving, especially in China. As the Chinese government continues to tighten emissions requirements, palladium prices should continue to see strength. Physical palladium is a strong hedge against the speculative volatility of the other precious metals. 

Palladium price as measured by (PALL)