Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Palladium price gains forecast

IMG Auteur
 
Published : January 24th, 2013
316 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

24hGold - Palladium price gain...Another constructive day for the precious metals bulls yesterday, with gold nudging above $1,690 and silver trading at $32 and change. Platinum is mirroring gold, albeit with slightly less volatility at the moment, while palladium also put in a strong performance, gaining over $13 early in the New York pit session.

Supply concerns relating to difficulties in the South African mining sector, twinned with expectations of increasing demand from Chinese and American car manufacturers propelled palladium to its biggest quarterly rise in two years during Q4 of 2012. South Africa’s Business Report quotes Deutsche Bank’s Daniel Brenber, who expects to see a falling platinum/palladium price ratio in the coming years, and notes the potential for “a million-ounce [supply] deficit” this year “and in the following years.” Reuters quotes analyst expectations of an average-platinum price of $1,700/oz – up 10% from last year’s average – with palladium expected to average $745/oz, a gain of 16% on last year.

Of course, platinum and palladium prices – along with silver and the wider industrial commodities complex – are heavily dependent on inflation expectations. Increasing optimism and improving indicators from major economies will boost platinum and palladium, but it pays to consider alternate scenarios. We will be releasing a podcast interview soon with Mike “Mish” Shedlock of Sitka Pacific Capital, in which Mish outlines why he believes deflation rather than inflation will be the major threat facing major economies in the years ahead, and the implications of this for precious metals holders.

Quiet on the eurozone front continues to benefit the euro, and is focusing attention on economic problems across the Channel. “Eurozone stability leaves sterling exposed”, says the FT ($) front-page headline, with the paper quoting one fund manager who reckons “sterling is in the process of losing its safe haven status”. The steady drip of disappointing borrowing figures are not helping. Friday’s Q4 GDP report will be important.

Thanks to Goldmoney from www.goldmoney.com
Companies Mentionned : Metals X |
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.