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Palladium price jumps as asset buying pressure builds
Recent reports indicate that palladium, traded as XPD/USD, has experienced significant selling pressure alongside other platinum-group metals. Bank of America maintains a bullish outlook on palladium, while coverage notes that premiums and drivers in platinum and palladium bullion can behave differently from gold and silver, highlighting unique market dynamics for these metals. Anton Kharitonov, expert at Traders Union, sees ongoing systemic weakness in XPD/USD. He highlights persistent selling pressure, as the price remains locked below all major moving averages. Kharitonov notes that most technical momentum signals ... (full story)
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- Jun 12, 12:24am | 7 hr ago Posted byFundamental Analysis62
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