(Bloomberg) -- Palladium rose for a seventh day to near its highest in almost a year in Asia amid speculation the metal, used in car emission systems and jewelry, is undervalued. Platinum approached its highest in almost five months.
Palladium, which rose to an 11-month high of $374 an ounce yesterday, has been supported by technical and speculative buying, KBC Banking & Insurance said in a report yesterday. It may trade as high as $408 an ounce in the next three months, Phil Roberts, chief European technical strategist at Barclays Capital in London, said in an interview April 11.
Read more at Bloomberg Commodities News
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