\25 Press Releases\
November 09, 2011 - MIAMI, FL - Pan American Metals of Miami reported gains on all four precious metals today, November 8, with gold approaching $1800 and silver over $35, while platinum and palladium gained $10 and $13 respectively.
While gold and silver gained on safe-haven demand due to the ongoing crisis in the European Union, palladium actually made the greater gains today, percentage wise. Increasing car sales mean increased demand for palladium at the same time as Russia is casting doubts on the reliability of future supplies. This is a combination that is obviously inclined to push up the price of palladium. Rumor has it that Russia's stockpile of palladium may be running out very shortly, causing palladium to be in deficit.
"Gold and silver tend to dominate media attention but investor...
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