August lows to the delight of investors in the lustrous silvery-white metal

Top Quote PMVC Fund is delighted to see that EFTS Physical Palladium Shares have increased an incredible14.9% so far in September and the trend looks set to rise again. This month has seen the palladium spot price hover around the $1,061 per ounce, its highest level in more than seven months. End Quote
  • (1888PressRelease) October 11, 2018 - The SPDR Gold Shares by comparison, only managed to muster a meagre 0.4% increase over the same period of time.

    The use of palladium in catalytic converters is helping see itís value increase, and following the lower than expected increases in tariffs from both China and the US, investors are turning their heads away from gold, and to some extent silver, as global leaders focus once again on lowering toxic emissions.

    Palladium may be a small metal market at present, but it certainly has some big ideas. As a commodity that is highly sought after for its wide and varied industrial appliances, changes in the automobile industry are making it appear highly attractive to a variety of investors.

    So highly revered is this unique metal and its related exchange funds, it is steadily becoming a widely used indicator for care demand and environmental sentiment, due to its extensive use in catalytic converters.

    Whilst there are only a handful of mines that deal solely in the extraction of palladium, it look could still prove to be the David against the Goliath of other, more extensive metal markets. Analysts across the board are reassured by the suggestion that a slow down in China will fail to appear. This in turn, will negate the concerns about a reduction in the current Chinese consumer appetite for automobiles, meaning that those oh-so-precious catalytic converters will continue to be in high demand.

    The shifting mood in the palladium market comes as a direct result of more stable relations with China and itís international counterparts, ensuring that stronger economies continue to invest in palladium across the board.

    A surge in new car registration across the EU over the new plate release dates in July and August also helped to bolster prices, as has the shift away from diesel-fuelled vehicles following the Volkswagen scandal of 2015.

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