Palladium prices set to soar in the short and long-term

Palladium prices have ended November at a high. While the precious metal had taken a downward trend in October, it has largely been in the green since June 2020. As at 12.08 GMT, palladium was down by 0.84% to trade at $2404.53. The metal’s upward momentum is due to the recovery of China’s economy and high car sales. China records a 3-year high manufacturing PMI China’s manufacturing PMI has risen to a 3-year high. According to the data released on 30th November by the China Logistics Information Center, the PMI rose from last month’s 51.4 to 52.1. The figure is