Palladium Prices Rise as New ETF Grows

Palladium futures hit a two-year high, partially driven by demand for a new ETF according to the Wall Street Journal.

In the article Platinum Group Climbs Higher, the WSJ reports that the growing popularity of the ETFS Physical Palladium Shares (PALL) has pulled metal volumes out of actively traded markets.  As a result, industrial buyers are bidding prices higher to meet increasing demand from the automotive sector.

PALL’s palladium holdings has grown by 30,000 ounces just since Friday according to the report.

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