One of the big ten surprises that await investors in 2019 is gold dropping to $1,000 an ounce, said Blackstone Private Wealth Solutions vice chairman Byron Wien in his annual prediction. While the majority of analysts expect the gold rally to continue — and for the yellow metal to break out to the upside, after […]
Category Archives: Precious Metals
Palladium: This Years White Hot Metal
Palladium, this year’s hottest metal, is used mainly to cut pollution from gasoline engines. Yet anyone betting the rise of electric vehicles will curb demand anytime soon is likely to be disappointed, according to the metal’s top producer. Hybrid-electric cars, which also require precious metals to control pollution, represent a growing percentage of future demand, […]
Will Palladium Prices Surpass Gold?
Recent record-high palladium prices won’t necessarily mean increased supply since the bulk of the metal is mined alongside other metals, meaning limited reaction to its own price picture, says Metals Focus. The consultancy said Tuesday that it looks for global palladium production to decline by 2% to 6.7 million ounces next year. There is an […]