Palladium Vs. Platinum: One Is Setting Records, Other May Be Underpriced

While gold prices have traditionally gotten quite a lot of attention, a pair of silvery-white metals is capturing more and more attention. Some investors and analysts are starting to see platinum and palladium as almost two sides of the same coin — even though the price gap between the two is at a record high. Now it looks like platinum prices could also benefit from the soaring price of palladium.

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Palladium prices soar while platinum remains subdued

In a note this week, HSBC analyst James Steel noted that although platinum has been soft, palladium has soared on “pronounced end-user buying.” In fact, palladium rallied to a new record high of $1,269.50 per...