Palladium Soars In Value As Alternative Gold Hedge

Palladium, the “white gold” used by certain hedge funds as a risk management substitute for gold, is soaring in value.

Palladium is up 24%

After breaking technical resistance and hitting a thirteen year high at $900 per troy ounce, as noted in press reports, the metal is up 24 percent this year, making it the third best performing commodity year to date.

When compared to futures trading in gold, Palladium is a thinly traded metal that is increasingly being viewed by traders as a risk management substitute for gold.  This has been particularly the case during the recent Ukraine tensions, as Russia is a major producer of the...