Gold is no longer worth: what metal has the podium removed – 08/12/2018


Although gold has risen recently (it will always be when the dollar's price is weakening in the world), there is something that does; fighting the podium of the most expensive mines in the world.

It is the paladium, which requests the request on its # 39; her price, which lasted 50% in the last four months, and was at an extraordinary distance from the cousin who was expensive. Both sales are around $ 1,200 per one and Palladium has been over gold several times this week.

What's in palladium? It is used in vehicle builders to reduce emissions. There is a growing demand for its & # 39; metal because car users prefer to diesel rather than diesel, especially after the scandals over the fittings in the diesel vehicle control controls of craftsmen.

Palladium ingots ready for a packet in Siberia, Russia. Picture: Reuters

Palladium ingots ready for a packet in Siberia, Russia. Picture: Reuters

Why is your price going up? Its value reached a record because the metal users value its value; competition limited provision and, besides that, the purchase of the applicants was added. The cost of one-month loans was more than the problem of 10-year Government bonds. Its value was accelerated in the year due to political disasters between the United States and China, one of the leading agents, and the inspirational steps introduced by China, a leading consumer.

"It's a very limited market, there is not enough supply for the current number of customers," said Daniel Ghali, an engineer at TD Securities in Toronto, in an interview with his & # 39; group. Bloomberg. "Being tough, It does not give much to it; attack this market"Due to the small amount of trade, he said.

Palladium rises to immediately deliver 1.8 percent to a high level of US $ 1,204.71 oz (28.35 grams) on Friday, before reaching US $ 1,181.09, according to Bloomberg's prices. A gold spot guarantees a farewell for a week at US $ 1,220.52. Units of the yellow hair bought only 1,013 without a pallet, at least since 2002.

"We have a market with tight foundations, flat supplies and increasing demand. In addition, there is undoubtedly interested by evaluators who have contributed to prices for recording elevations, "said Mitsubishi analyst, Jonathan Butler told her; group. Reuters.

Source link