Palladium ETF Boosted by Continued Deficit Fears

Summary: While most precious metals were down earlier this week, palladium was up on supply deficit concerns. Growing demand for auto catalysts in the US and China is driving much of the concerns. And while European auto sales have lagged for over a year, April sales show the first increase in over 18 moths. This suggests that the slump in auto sales in Europe may be over. Many analysts though expect PGM metals to perform better than gold in 2013. Read more…