Palladium hit by 'Barrage of Selling'
Comment of the Day

March 27 2019

Commentary by Eoin Treacy

Palladium hit by 'Barrage of Selling'

This note by Justina Vasquez for Bloomberg may be of interest to subscribers. Here it is in full:

The rally in the U.S. dollar triggered an investor exodus from precious metals on Wednesday. Spot palladium led declines as mounting concerns over global growth threaten the outlook for demand for the commodity used mostly in auto catalysts. The slump accelerated as the price of the least-liquid asset among its peers broke below the $1,500-an-ounce level, triggering “a barrage of selling,” Miguel Perez-Santalla, a sales and marketing manager at refiner Heraeus Metals New York LLC, said.

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