Last Updated : June 14, 2011 08:50
Nymex platinum, palladium still softer but bounce from support
By Allen Sykora Nymex
Platinum and
Palladium remain softer but have bounced from support around key round numbers, says one trader. They initially fell on continuing worries about the economic impact of debt problems in Europe.
“A lot of the sell-off has subsided,” the trader says. “They found support around the $1,800 (in platinum) and $800 (in palladium). There was some buying coming back into the market.”
Further, U.S. stock-index futures were higher ahead of the opening of the stock market on Wall Street, reflecting some improvement in general risk sentiment, says the trader.
At 8:58 a.m. EDT, Nymex July
Platinum was still down $10 to $1,823 an ounce but up from a low of $1,806. September
Palladium was still down $11.35 to $805.95 but up from a low of $798.50.
By Allen Sykora of Kitco News; asykora@kitco.com
NCDEX GARSEDJDRJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
