Palladium – more expensive than gold


According to the auction, the value of palladium surpassed the price of gold for the first time in 16 years, reaching $ 1,254.5 per troy ounce. At the same time, the gold price was fixed at $ 1243.15 per troy ounce.

Palladium went up amid fears about the shortage of this metal, which is widely used in the automotive industry. According to analysts, the metal deficit could increase in 2019 to 1.4 million ounces. In 2018, the palladium deficit is 1.2 million ounces. Experts also predict that metal supply will remain stable next year, while demand may increase.

In addition to the automotive industry, palladium is widely used in the chemical industry, medicine, and electronics.

The material has been provided by InstaForex Company –

Source:: Palladium for the first time in 16 years has become more expensive than gold

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply