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Palladium soars to within sight of $3,000 in record run

Palladium soars to within sight of $3,000 in record run SECTIONS Last Updated: Apr 23, 2021, 10:09 PM IST Share Synopsis Many analysts expect a further run towards $3,000 as automakers ramp up purchases of the metal, worsening a supply shortage. ETAuto Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain. Related Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on Friday on supply concerns and bets for improving demand, while gold pulled back on strong US economic data. Palladium jumped more than 3% to a record high of $2,925.14 per ounce, poised for a second straight weekly gain.

PRECIOUS-Supply woes push palladium to record high, gold up more than 1%

Focus turns to ECB policy meeting on Thursday Gold hits near two-month peak at $1,797.41/oz (Updates prices) April 21 (Reuters) - Auto-catalyst metal palladium hit a record high on Wednesday fuelled by supply concerns and wider gains in precious metals prices, with gold jumping more than 1%. Palladium surged to an all-time high of $2,891.20 per ounce and was up 4.3% at $2,880.10 per ounce at 1:41 p.m. EDT(1741 GMT). “We’re looking at pretty decent automotive and industrial use for this catalyst,” said Bart Melek, head of commodity strategies at TD Securities, adding that with a very tight market projected, it would be difficult to source the metal.

Palladium shoots to new records as deficit-fuelled rally reignites

Palladium shoots to new records as deficit-fuelled rally reignites
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

PRECIOUS-Gold rises as U S Treasury yields, dollar pause

Gold could stay in $1,760-$1,810 range in near-term- analyst (Updates prices) April 20 (Reuters) - Gold prices rose on Tuesday as a drop in U.S. Treasury yields lifted the non-yielding precious metal’s appeal. Spot gold rose 0.5% to $1,777.43 per ounce by 2:01 p.m. EDT (1801 GMT). U.S. gold futures settled up 0.4% to $1,778.40. “Gold’s recent upward momentum has been driven by the fact that bonds are well bid and the USD is under pressure,” said Tai Wong, head of base and precious metals derivatives trading at BMO. U.S. Treasury yields eased, while the dollar index was up 0.2% but hit its lowest level in about seven weeks earlier in the session.

BMO on Canada s housing affordability crisis: It s demand not supply, part 2

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BMO economist Robert Kavcic continues to emphasize that while a shortage of housing supply has been an issue for the domestic market previously, it’s a massive surge in demand right now that’s causing an affordability crisis, We just saw March housing starts post a massive print above 300k annualized, which is well beyond anything we’ve seen going back through the post-war era. True, there’s some seasonal quirkiness, especially in the winter/early-spring, but even smoothing out the last 12 months of raw starts data, Canada is building in-line with the highs seen in the 1970s and mid1980s, driven by population

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