| Palladium prices and commodity-related exchange traded fund surged to over a two-month high Wednesday after China pledged drastic measures to cut emissions and confidence in diesel engine vehicles was tainted in the wake of the Volkswagen fallout. The ETFS Physical Palladium Shares (PALL) rose 5.8% Wednesday, jumping over its 50-day simple moving average.
PALL has increased 1.3% over the past week and 0.7% in the past month, but the fund is still down 24.1% year-to-date. The precious metal, which is used in pollution-control devices for automobiles, strengthened Wednesday after China stated it will accelerate construction of electric car charging facilities, reports Luzi-Ann Javier for Bloomberg...............................................Full Article: Source
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