Palladium Outperforms Precious-Metal Peers With New Year Rally
- Metal has climbed 8% in two days, biggest gain since 2015
- Gold, silver also advance as U.S. dollar slips against peers
Iron Ore Sets Commodities Price Pace With Help From China
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Palladium is starting 2017 in a cheery mood, with the best performance among precious metals.
The metal headed for its biggest two-day gain since August 2015, rising 8.3 percent on bets demand from carmakers will grow after improving manufacturing data in the U.S. and China. General Motors Co.’s December deliveries beat forecasts while Ford Motor Co. and Nissan Motor Co. posted surprise gains. Gold rallied as the dollar weakened.