Palladium hits 13 year high
Palladium was the hottest metal of 2013 and 2014 sees the rare metal climb even higher as it rises to a 13 year high as signals demand is continuing to climb for the metal used in pollution control devices in the automobile sector.
With a reduced supply since the devastating strikes in South Africa, a bottleneck effect has been created.
In America automobile sales headed for the biggest come back since pre the financial crisis.
Investors both new and experienced are getting more and more intrigued by this lustrous metal especially as the demand continues to grow.
As we commented recently palladium has climbed 17% since the beginning of the year we can now report the metal has climbed even higher and is topping a 20% rise. This has led to palladium over taking gold and silver.