12.03.2015 - Palladium Set to Keep Top Performer Status among Precious Metals in 2015
Palladium seems to be the sole bright spot in the murky precious metals sector once again as it extends its 2014 rally with prices rising six percent on the first month of the year. This is in sharp contrast with its sister metal, platinum, which is facing its third year of losses. “We foresee another positive year for palladium based upon attractive supply/demand fundamentals, despite the backdrop of a relatively weak global economy,” said Ross Norman, chief executive of Sharps Pixley, a London-based precious metal seekingalpha.com broker. He saw an ongoing supply deficit of around 1.4 million ounces, propelling an average price forecast of $845 per ounce, up from 2014?s $799. Palladium is expected to extend those gains to an average of $900 per ounce in 2016...............................................Full Article: Source
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