15.10.2014 - A Comeback for Platinum and Palladium?
Platinum and palladium futures rose this past week as traders swooped in to take advantage of prices that have fallen as a result of the strong US dollar. Russian and Swiss central banks looked to take advantage of the lower prices by stockpiling platinum and gold, respectively. The week’s biggest mover on the weekly Global Precious Metals MMI was the price of Japanese palladium bar, which saw a 4.2% increase to JPY 2,742 ($25.19) per gram. This comes on the heels of a 7.3% decline the week prior. The price of US palladium bar rose 2.6% to $779.00 per ounce after falling 3.4% during the previous week. The price of Chinese palladium bar fell 0.6% to CNY 174.00 ($28.33) per gram after rising 1.7% the week before...............................................Full Article: Source
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