Chart of the week: palladium will lose its lustre
Palladium has gained 70% in a year. It now trades at about $1,530 per ounce. But any escalation in the US-China trade could spell an end to the rally.
Palladium, the silvery-white metal 30 times rarer than gold and used in catalytic converters, dentistry, electronics and jewellery, has gained 70% in a year. It now trades at about $1,530 per ounce. The rally has been driven by "three key pillars", writes Ross Strachan of Capital Economics.
Viewpoint
Doug Noland, Credit Bubble Bulletin
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