Palladium made a new high at $814.20 as supply concerns continue to escalate and is up roughly 14% for the year.

Palladium made a new high at $814.20 as supply concerns continue to escalate and is up roughly 14% for the year. Tensions in Ukraine and expectations that interest rates will continue to stay low have been supporting gold prices at these levels. The Fed’s March minutes clarified that interest rates will not rise substantially after quantitative easing is over as the markets had previously expected. Morgan Stanley & Goldman Sachs continue to remain bearish on gold as they believe this rally is temporary. Core Retail Sales for March are up .7% vs. expectations of .5%. Have a wonderful day.