|Bid||119.88 x 1200|
|Ask||123.27 x 1100|
|Day's Range||122.20 - 123.72|
|52 Week Range||79.61 - 123.72|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.10|
|Expense Ratio (net)||0.60%|
Learn why the midterm elections may result in "risk-off" market conditions, and explore three precious metal ETFs set to benefit from a divided Congress.
Palladium and related ETFs climbed Monday, pushing toward their record levels last seen since January as supply concerns helped prop up the white metal. The ETFS Physical Palladium Shares (PALL) rose 3.4% Monday, with the palladium spot price up 3.4% to around $1,120 per ounce. R. Michael Jones, chief executive officer of Platinum Group Metals Ltd., argued that palladium, which is widely used in catalytic converters to reduce pollution emissions for gasoline-powered automobiles, has reached an "important glass ceiling" on the charts, MarketWatch reports.
While gold has been stuck in the doldrums, palladium and related exchange traded fund have been rallying since the August lows, recently breaking back above their long-term trend lines. The ETFS Physical Palladium Shares (PALL) rose 0.8% Monday and increased 14.9% over the past month, with the palladium spot price now hovering around $1,061 per ounce, its highest level in almost seven months. In comparison, the SPDR Gold Shares (NYSEArca: GLD) was only up 0.4% over the same period.
Palladium’s movement often diverges from that of other precious metals. Palladium rose 0.5% on Monday, despite other precious metals falling. Palladium often follows the industrial side of the market. About 80% of industrial palladium is used for catalytic converters in automobiles. With easing US-China tensions, the possibility of higher industrial demand in China has risen. The country’s car sales are improving, and China is a big market for General Motors (GM), Ford, and many other multinational brands. In 2017, China (FXI) sold ~27. ...
Palladium and related exchange traded funds were outperforming in the precious metals space Monday as China and the U.S. put the trade war on hold and agree to further talks. The ETFS Physical Palladium Shares (PALL) rose 2.4% Monday and was testing its long-term trend line at the 200-day simple moving average. While gold was weakening Monday and touched its lowest intraday levels of the year on easing trade tensions between the U.S. and China, palladium prices strengthened on the prospects of improved trade relations and potentially increased industrial demand out of China.
A palladium-related ETF plunged Monday, testing its long-term trend lines, on hints that the U.S. might pullback sanctions on Russian companies. The ETFS Physical Palladium Shares (PALL) declined 4.2% and was testing its long-term support at the 200-day simple moving average. Meanwhile, palladium spot prices were 3.9% lower to $989.7 per ounce.
All These Are Playing Gold: Are You? Palladium has fallen the most among the four precious metals on a YTD (year-to-date) basis. Palladium is famous more as an industrial metal than as a precious metal due to its heavy industrial uses. Palladium is also used as a catalyst in diesel-based engines.
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week. Ahead of the upcoming Federal Reserve meeting, some ...
As investors consider ways to diversify a stock and bond portfolio, it may be prudent to consider alternative assets like commodity ETFs that offer potentially uncorrelated returns to traditional assets. ...
The platinum exchange traded fund is retreating after European countries crack down on pollutants. The ETFS Physical Platinum Shares (NYSEArca: PPLT) fell 2.6% Thursday as the platinum spot price dipped ...
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week, but some traders believe the yellow metal is still ...
After the recent bout of market volatility, investors may want to consider alternative assets like precious metals exchange traded funds that zig as traditional assets zag. “Adding a precious metals allocation ...
The ETFS Physical Palladium Shares (NYSEArca: PALL) gained nearly 3% last week, extending a run that saw the lone palladium-backed exchange traded fund surge more than 57% in 2017. Among the largest contributors ...
Palladium has been the winner among the four precious metals, having skyrocketed a whopping 57% on a YTD (year-to-date) basis in 2017 as of December 27.