Palladium spot prices sise on NYMEX
Wed, Oct 8, 2008
Palladium Investing News reports the recent credit crunch will slow down the use of palladium in industrial production.
Traditionally, investors feel safe buying precious metals when faced with uncertain stock market conditions, but the latest crisis in world markets have caused a ripple of sell-offs as nervous investors fear monetary losses : even “safe” commodities such as precious metals have been subject to this downturn, and a strong dollar generally has a negative impact on precious metal values. Today, renewed investor confidence in precious metals showed a trend toward “safe” precious metals investing, and a movement away from investing in unstable stocks, bonds and various currencies.
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