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Palladium outshines gold for first time in 16 years

Reuters  |  BENGALURU 

By Arpan Varghese and Swati VermaBENGALURU (Reuters) - Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels -- just as gold failed to capitalise on some seemingly bullish scenarios.A sustained supply deficit coupled with robust demand and rising interest from speculators have pushed prices of palladium - used mainly in emissions-reducing catalysts for vehicles - from around $832 an ounce in mid-August to a high of $1,263.56 per ounce on Wednesday. Palladium was trading at a premium of more than ...

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First Published: Wed, December 05 2018. 21:42 IST
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