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Auto Downturn Makes Platinum, Pallidium Lose Shine To Gold

by daijiworld.com posted 3months ago 17 views
Mumbai, Apr 7 (IANS): After, platinum fell below the price of gold, now palladium, the most precious metal, may soon lose its sheen to the yellow metal as being the most precious. This comes amid a struggling automobile industry, where palladium the industrial metal is extensively used as a catalytic converter to control pollution. Vehicle sales not only in India but across the globe are feeling the pinch of slowing global growth due to the trade tension between US-China. Political uncertainty owing to the possibility of a no-deal Brexit has also dented investor sentiments.

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