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Platinum regains its premium over palladium
The palladium price fell below the platinum price for the first time since 2018 last Thursday. From a short-term, technical point of view the palladium price fell through support to below $900/oz, dropping to a new low for the year. The $900-$920/oz area could now prove resistance to rally attempts since the price subsequently rallied but has so far failed to stay above that level. In the near term, price volatility could mean that platinum moves between premium and discount to the palladium price but in the longer term the trend appears to be set to a platinum premium. No signs of significant production cuts (yet), ... (full story)