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The price of palladium during trading in the spot market on Wednesday reached a record level of 1 thousand 236 dollars 48 cents per troy ounce for the first time in 16 years having exceeded the quotes of gold at 1,235 dollars 37 cents per ounce. The demand for palladium in the production of cars with gasoline engines has increased significantly since consumers ceased to purchase diesel engines. This was the reason for the increase in prices for palladium, the supplies of which in the global market are limited. For 4 months, the price of precious metal went up by one quarter. At the same time, gold has been demonstrating weak dynamics.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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 ...
Gold prices rose earlier on Tuesday morning in Asia on the back of renewed hope as the U.S. and the Europe pledged on additional stimulus packages. In the U.S., another round of stimulus measures is underway in Congress, as previous stimulus ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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