UNITED STATES August 14 2014 11:07 AM
NEW YORK (Scrap Register): Despite an increase in sanctions against Russia, the world’s largest palladium supplier, palladium was the worst performing precious metal last week, said ETF Securities.
It appears that investors have already priced in potential supply disruptions from Russia, or do not expect any more widespread sanctions.
Indeed, palladium positioning remains elevated and is giving some investors pause for thought as the upward price momentum has faded.
While the fundamentals for both platinum and palladium remain robust, ETF Securities expects platinum to outperform palladium in coming months, after the ratio of the two metals reached the lowest levels in over a decade.