ETF Securities Palladium ETC Holdings Rise 8%

Source:

"ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose. . .8% in the week to Feb. 6."

ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8% in the week to Feb. 6.

The ETC now holds 172,911 ounces of palladium, the company told Reuters.

Prices of the white metal used in autocatalysts climbed 11% last week, with dealers attributing the rise to demand from exchange-traded funds.

ETF Securities' gold-backed ETC PHAU.L saw an inflow of around 80,000 ounces, or nearly 4% in the same week, the company added.

Another gold-backed product, the Gold Bullion Securities ETC GBS saw a rise in holdings of 73,000 ounces or 2%.

Holdings of the company's silver-backed ETF rose 50,554 ounces to 15.027 million ounces, it said.

Its platinum ETC PHPT.L saw no inflows, however.

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