Reading the Gold-Palladium Ratio
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China. Palladium was trading at $1,002 on May 10, while gold was trading at $1,321. Like silver, palladium often leans more toward its industrial use than its precious-metal status. Palladium, which is used as a catalyst in diesel engines, was supported by demand for diesel vehicles rising in 2017.