|Bid||0.00 x 800|
|Ask||132.07 x 1100|
|Day's Range||130.01 - 134.60|
|52 Week Range||79.61 - 152.97|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.04|
|Expense Ratio (net)||0.60%|
Banks will highlight first-quarter earnings for 2019 on Friday, which could give precious metals a jolt of gains if the weak guidance expected by a number of corporations translates to a move to safe-haven assets. Of course, the strength of precious metals will be tied to the Fed and their interest rate policy in correlation with the dollar. Increased dovishness by the central bank could continue to feed into safe-haven asset like precious metals.
As investors consider potential risks ahead, many are looking to ETF strategies that cover alternative assets like precious metals and commodities to help diversify a traditional stock and bond portfolio mix.
A strong U.S. dollar on Thursday caused precious metals to fall as seen in exchange-traded funds (ETFs) like the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) . Gold prices reached a three-week low and silver touched down to a three-month low as the dollar rose to a multi-month high. Another precious metal, palladium, fell 16 percent from the previous week's highs.
Palladium has been staging record highs for the better part of the last seven months, outstripping even the most bullish forecasts made during 2018 as a supply squeeze inflated the metal’s price.
The iShares MSCI South Africa ETF (NYSE: EZA), the largest exchange traded fund dedicated to stocks in Africa's largest economy, is up about 6 percent this year. To be precise, EZA is up 6.05 percent year to date, but the South Africa ETF is trailing the MSCI Emerging Markets Index, of which South Africa is 5.95 percent, by more than 300 basis points. South Africa is the world's largest producer of platinum and the second-largest palladium-producing country.
Palladium prices skyrocketed to new record levels as strike jitters in South Africa added to a tense market engulfed by a sustained supply deficit.
Palladium prices and precious metals-related ETFs pushed toward new heights as the threat of strikes in South Africa tightens the supply outlook for the metal. On Monday, the Aberdeen Standard Physical ...
We have highlighted a few commodity ETFs that hit new highs in the recent trading session and will continue to trend higher given the same trends persist.
Honda Is Shipping Out of the UK Honda (NYSE:HMC) is packing up and closing its Swindon factory by 2022, insisting that it has nothing to do with Brexit. The fact that it’s closing in 2022 and not, like, right now before Brexit takes place illustrates that Honda was probably looking for an excuse to get […]The post Market Morning: Honda Flees UK, Trump Sued, Metals Fly, JPMorgan Goes Crypto appeared first on Market Exclusive.
The palladium exchange traded fund was pushing toward new record highs, with palladium prices closing above $1,400 for the first time on record, after one of the industry's biggest consumers of precious metals projected a widening supply deficit in 2019. In its recent Platinum Group Metals market report, Johnson Matthey argued industrial demand would outstrip supply by almost 1m ounces in 2019 due to surging demand on stricter emissions standards, the Financial Times reports. Palladium is key component used by the car industry in catalytic converters fitted in petrol-powered vehicles to diminish harmful greenhouse gas emissions.
The SPDR Gold Shares (NYSEArca: GLD), the largest physically backed gold-related exchange traded fund, has traded modestly higher this year while the Aberdeen Standard Phys PalladiumShrs ETF (NYSEArca: ...
The Dow Jones Industrial Average fell 300 points on Tuesday, giving safe-haven assets like gold a boost through leveraged exchange-traded funds (ETFs) like the Direxion Daily Jr Gold Miners Bull 3X ETF ...
Supporting the recent price surge in the palladium market, traders grew wary of potential supply concerns out of Russia in response to President Donald Trump’s plans to pull out of a nuclear treaty with Moscow. Trump said late last year that Washington will step away from an intermediate-range Nuclear Forces Treaty with Russia, claiming that Moscow has been violating the treaty. “The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65 percent since the middle of August,” reports Bloomberg.
The Palladium metals-related ETF has hit a record high, with the palladium spot prices breaking above $1,400 for the first time ever, as industrial demand outstripped supply in the market. “The palladium market is laboring under production-consumption deficits,” James Steel, chief precious metals analyst at HSBC, told Reuters. Steel pointed to policy initiatives out of China, the biggest auto market, that are supportive of palladium's demand outlook.
"In the long run, we believe that palladium will continue to benefit from exceptionally strong supply/demand, resulting in yet higher prices," said George Gero, managing director at RBC Wealth Management. PALL rose 2.47 percent while GLD gained 0.33 percent. PALL is trading well above its 200-day moving average as the price of palladium bested gold for the first time in 16 years during the month of December.
The ETF PALL tracks the precious metal Palladium. The metal broke through the $1,500/ounce milestone for the first time ever yesterday. This amid a supply shortage of Palladium. Yahoo Finance's Jackie DeAngelis and ETF.com managing director Dave Nadig discuss.