Gold 
“As with the other precious metals, the first half of November was extremely rough for palladium. Prices were pushed higher during late October on renewed concerns about supply being disrupted out of Russia. This disruption did not materialize, putting downward pressure on prices.
It should be noted that before prices started to decline, palladium prices reached their highest intraday high for this year of $1,255 on 29 October. This high coupled with the absence of any actual disruption to supply put sharp downward pressure on prices. The decline in prices extended into the middle of November as a broad selloff across commodities markets dragged palladium prices lower.
Prices have stabilized since late November. They seem most likely to move in a sideways fashion with a slight upward bias over the next few months. Seasonal strength in prices should prevent any sharp decline in prices. Palladium prices are expected to move around $975, with support for prices around $890 and resistance at the $1,050 level.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
