PALLADIUM TOPS $1,500 FOR FIRST TIME

Written by on February 20, 2019

Analysts say the precious metal palladium today reached above $1,500 per ounce for the first time in trading as a result of supply deficit worries.

Currently, palladium, which is worth more than gold which is trading at about $1,350 per ounce is used to make jewellery and catalytic converters in vehicles.

So far, analysts who have seen no justification for the high price, have blamed speculative financial investors for jumping on the bandwagon for some time now.


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