US MIDDAY: palladium and platinum rise
November 14, 2012
Platinum group metals (PGM) rallied on Tuesday after on a bullish forecast that supply outages earlier this year could turn the markets into a deficit, while gold traded flat as investors awaited more clarifications on Greek aid by the euro zone.
Palladium rose over 4 percent, on track for its biggest one-day gain since December 2011, after PGM specialist and refiner Johnson Matthey said it expects palladium to record its biggest deficit since 2000 this year…