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Palladium prices have been rising for four months in a row, due to fears of a shortage of precious metals in the global market. Gasoline vehicles, which require catalysts for the production of palladium, are much more in demand than diesel-powered vehicles. As reported by Bloomberg, on Tuesday, palladium reached a record price of 1 thousand 233 dollars 82 cents per troy ounce. Then the growth of its value slowed down to 1 thousand 230 dollars 28 cents per ounce. Commerzbank analysts believe that over time, its price can be equal to the price of gold, which on Tuesday went up by 0.8% to 1 thousand 239 dollars 98 cents per ounce.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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