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Demand for Palladium Stays High-Supply Remains Shaky
The palladium spot price has significantly increased because of worldwide supply and demand issues. Analysts and investors expect this trend to continue. Surprisingly, only a decade ago, palladium was under $200 an ounce. This year alone, the highly-sought-after metal shot up 46%. Experts predict the metal could soon go into the $2,000 range in the next year or two. Although not always a popular metal, palladium is more rare than gold and more valuable now too. Demand is high for palladium, but not primarily from investors. Industrial demand is keeping palladium prices high while supply continues to dwindle year ... (full story)