Could now be the perfect time to invest in palladium?
Palladium has rallied to a price not seen since 2001 and today the lustrous metal crosses its 14 day rally (Opening at $872 11.07.2014).As increased demand struggles with supply constraints , many are buying up palladium more and more as investment purposes. Evidence of this includes the increased inflows of palladium and platinum.
Palladium is primarily used in catalytic converters in the automobile sector but is also used for jewellery and investment purposes. Demand is not likely to cease soon as global figures show an increase in automobile usage, especially in top consumers US and China.
Investing in palladium and platinum is more and more regularly adopted by traders as a means of asset diversification.