| There is a bright spot in what has been a dark year for precious metals: palladium. Demand for palladium is rising just as supplies from key supplier Russia have diminished. And the launch of a new palladium exchange-traded fund in South Africa is giving investors additional reason to buy the metal.
Absa Capital Ltd. , a unit of Barclays PLC, in January plans to open to investors an ETF that will buy physical palladium—the first such ETF on the Johannesburg Stock Exchange. Some investors believe the fund will immediately start to draw large amounts of metal into its vaults, exacerbating tightness in global supplies...............................................Full Article: Source
|