Palladium left out of precious metals rally; investors shy away
By GCRU Gold News on Wednesday, May 18 2016, 00:24 - Permalink
Investor appetite for palladium-backed exchange-traded funds is failing to pick up after a dismal 2015, pointing to another difficult year for the metal despite the prospect of a deepening supply deficit.
"It is a big concern," Julius Baer analyst Carsten Meneke said. "Palladium had been a consensus bullish call for quite some time, and our fear was always what would happen if investors lost patience with that call."