Fueling the growing deficit, demand has picked up on increased automobile sales – palladium is a key component in catalytic converters used to diminish harmful emissions. [Palladium ETF to Enjoy Another Year of Strong Fundamentals]
Bolstering U.S. auto sales, near-zero interest rates, a stronger job market and cheap fuel costs are allowing American consumers to finally purchase some big-ticket items that they pushed off in the wake of the financial crisis.
PALL resides 5.1% below its 200-day moving average and 1.8% below its 50-day line.
ETFS Physical Palladium Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.