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Significados de palladium prices em inglês
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Uso de palladium prices em inglês
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Commerzbank attributed the spike in palladiumprices to speculative buying interest.
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The bank forecast palladiumprices at $800 an ounce in the second quarter.
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Separately, palladiumprices slumped more than 6% on technical selling.
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LONDON (Reuters) - A surge in palladiumprices has thrown struggling South African mining companies a lifeline.
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Meanwhile, palladiumprices hit a fresh record high at $1,186.30 per ounce.
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Elsewhere, concerns in the auto sector rubbed off on palladiumprices which marked its worst day since May 15.
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Concerns about a deep supply deficit and increased speculative buying interest have pushed palladiumprices to record levels, analysts said.
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Graphic: Platinum and palladiumprices - Palladium is likely to remain in deficit while platinum will be oversupplied, analysts said.
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Commerzbank said the rise in palladiumprices was accompanied by high speculative interest, reflected in the strong build-up of net long positions.
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Until auto-companies switch over to platinum, palladiumprices are going to be pretty strong, said Bill O'Neill, partner at Logic Advisors said.
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Concerns about a deep supply deficit and increased speculative buying interest in the market have pushed palladiumprices to record levels, analysts said.
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Elsewhere, palladiumprices rose nearly 2 percent to $1,288.49 per ounce, having hit a record high of $1,310 earlier.
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Until the fundamental story changes, we are going to see very strong palladiumprices. Spot silver XAG= fell 1.1 percent to $14.15 per ounce.
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Palladiumprices last week briefly surpassed gold for the first time since 2002.
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Palladiumprices are closely linked to vehicle sales, which were strong last year.
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Palladiumprices have nearly doubled since mid-August and are up about 27 percent so far this year.