Palladium and Rhodium Have More Headroom Left - Peter Hug

Supply and demand fundamentals are in line to drive palladium and rhodium prices even higher, said Peter Hug, global trading director of Kitco Metals.
“I think palladium’s got more room to run and it’s strictly a supply-demand equation. There is some jawboning that the Russians may be withholding palladium from the market to try to squeeze the market even higher,” Hug told Kitco News. “But as we’ve cautioned over the past two years, we’ve been extremely constructive the palladium price ever since $800.” (show less)

Supply and demand fundamentals are in line to drive palladium and rhodium prices even higher, said Peter Hug, global trading director of Kitco Metals.
“I think palladium’s got more room to run and it’s strictly a supply-demand equation. There is some jawboning that the Russians may be withholding palladium from the market to try to squeeze the market even higher,” Hug told Kitco News. “But as we’ve cautioned over the past two years, we’ve been extremely ... (read more)

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Kitco NEWS
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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