Meanings of palladium prices in anglès

Commerzbank attributed the spike in palladium prices to speculative buying interest.

The bank forecast palladium prices at $800 an ounce in the second quarter.

Separately, palladium prices slumped more than 6% on technical selling.

LONDON (Reuters) - A surge in palladium prices has thrown struggling South African mining companies a lifeline.

Meanwhile, palladium prices hit a fresh record high at $1,186.30 per ounce.

Elsewhere, concerns in the auto sector rubbed off on palladium prices which marked its worst day since May 15.

Concerns about a deep supply deficit and increased speculative buying interest have pushed palladium prices to record levels, analysts said.

Graphic: Platinum and palladium prices - Palladium is likely to remain in deficit while platinum will be oversupplied, analysts said.

Commerzbank said the rise in palladium prices was accompanied by high speculative interest, reflected in the strong build-up of net long positions.

Until auto-companies switch over to platinum, palladium prices are going to be pretty strong, said Bill O'Neill, partner at Logic Advisors said.

Concerns about a deep supply deficit and increased speculative buying interest in the market have pushed palladium prices to record levels, analysts said.

Elsewhere, palladium prices rose nearly 2 percent to $1,288.49 per ounce, having hit a record high of $1,310 earlier.

Until the fundamental story changes, we are going to see very strong palladium prices. Spot silver XAG= fell 1.1 percent to $14.15 per ounce.

Palladium prices last week briefly surpassed gold for the first time since 2002.

Palladium prices are closely linked to vehicle sales, which were strong last year.

Palladium prices have nearly doubled since mid-August and are up about 27 percent so far this year.