Who will be better for palladium prices? Barack or John?
Wed, Nov 5, 2008
Palladium Investing News reports on the newly elected President of America and its impact on palladium prices.
Palladium prices are based on U.S. currency, so Tuesday night’s election result will impact palladium’s post election price. A win by Democrat Barack Obama over his Republican opponent John would be marginally better for the dollar, but only because the Democrats already control Congress. This would make it easier for a new administration to push through activist policies to boost markets. A spiking US dollar could scare off potential international holders, but how commodities respond to the new president involves various factors, and the outcome will be revealed over the coming months.
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