US Palladium Bar Sees Large Increase, Only Precious Metal Higher in 2013
“Palladium is the only precious metal which is up in 2013, largely based on expectations for a supply/demand deficit. The metal found support this year from supply constraints at a time of improving auto-sector demand, particularly in the U.S. and China. Analysts say they see potential for further gains in the months ahead,” reports Kitco.
US palladium bar rose 3.2 percent to finish as the day’s biggest mover. Chinese palladium bar gained 2.5 percent to finish. The price of Japanese palladium bar showed little movement last Friday.
* Get the complete prices every day on the MetalMiner IndX℠
US platinum bar prices inched up 2.8 percent. Chinese platinum bar finished the day up 1.7 percent. The price of Japanese platinum bar remained essentially flat.
The price of US gold bullion increased 2.9 percent. Chinese gold bullion prices rose 2.3 percent. Indian gold bullion saw its price rise 2.0 percent. The price of Japanese gold bullion remained steady.
The price of Indian silver finished the market day up 2.9 percent per kilogram. US silver rose 2.2 percent. This marked the fifth day in a row of increasing prices and the improvement has accelerated since Monday, October 14. Prices for Chinese silver have gained increasing momentum since Monday, October 14. After climbing 1.4 percent, the metal closed. Japanese silver saw little change in its price last Friday.