Palladium to hit $795 this year

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Source: Dukascopy Bank
Precious metals eased up on Monday taking advantage of slightly weaker US Dollar. Precious metals continue to generate mixed response to the Euro Zone woes as worries over debt crisis increase safe haven appeal of the commodity group. Palladium price continued to find support in the performance of automobile industry in the US and China amid tightening of emissions legislation. Moreover, Barclays forecast improved investor's sentiment as the bank expects palladium price to remain volatile but hit $795 an ounce this year.

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