Head of the FICC Technical Analysis Research at Commerzbank says that Palladium has probably reached its end zone and could...
Palladium
Learn how to trade platinum with our daily news and our expert technical analysis. Here you will also find our market outlooks and a price chart for live technical analysis.
Platinum prices have been in an uptrend since 2000, and an increase in demand for diesel cars drove platinum prices in 2008to $2,300/oz as the rare metal is used for catalysts in diesel cars. In 2017 the need for platinum fell after a drop in demand for diesel vehicles over speculation that governments will increase taxes to owners of diesel cars. In August 2010, the platinum price dropped to $760/oz, just to start a rebound that is intact until today as the platinum price was trading $970/z at the time of writing.
What is Platinum?
Platinum is a precious metal that is even more rare in nature than gold. Platinum is used both for jewellery while in the last decade it used in many industrial applications and especially in the auto industry for catalysts in diesel cars.
There are two countries that produce around 90% of the platinum supply: Russia and South Africa. The fact that platinum production requires a lot of energy and capital to acquire a pure ounce of platinum, it is no wonder why supply is one of the main factors determining the platinum price. Because platinum produced by two countries creates opportunities for monopoly-like behavior, that can influence the platinum price.
Commerzbank is predicting new all-time highs for Palladium (XPD/USD) at 2878.04. However, this is conditional upon the break of the...
The Palladium price action on the XPD/USD chart indicates that the metal has added 0.69% on the day, marking the...
Palladium price is up for the 3rd day in a row, notching up gains of 0.44% on Monday as the...
The team of economists at research outfit Capital Economics is bullish on the outlook of Palladium, a metal that has...
Palladium price pulled back sharply as concerns about a global recession rose. Its price retreated to a low of $2,025,...
Commerzbank’s research team has come up with a new outlook for Palladium prices. This outlook says that Palladium is likely...
Palladium price has been in a consolidation phase in the past few days as investors focused on the ongoing supply...
Supply concerns are bringing attention to palladium prices, which rose nearly 14% in two days to briefly shoot beyond the...
Commerzbank analysts are confident that the recent correction in palladium prices is over, with the price set to resume the...