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Tag: oil refining

  • Russia-Ukraine Conflict Boosts Palladium Prices, Investors Eye Long-Term Gains

    Russia-Ukraine Conflict Boosts Palladium Prices, Investors Eye Long-Term Gains

    In 2022, Russia’s invasion of Ukraine sparked concerns about palladium supply, leading to a surge in prices. However, palladium had been on an upward trajectory since hitting a low in 2008. Back in May 2024, palladium was trading at over $1,000 per ounce, offering an alternative for value investors seeking exposure to precious metals. Byttlerom…

  • Platinum’s Potential Rally Amid U.S. Energy Policy Shift and Gold Surge

    Platinum has been trading around the $1,000 pivot point, disappointing investors and traders for years. The market remains rangebound, with potential for a significant rally when it breaks out. Low liquidity and gold’s price action continue to support higher platinum prices, requiring patience from market participants. Near NYMEX platinum futures have been trading in a…