[This article originally appeared on HardAssetsInvestor.com and is republished here with permission.]
Gold bounced around during the past week, but once again finds itself near the magnetic $1,200 level. Heading into 2015, the outlook for the yellow metal is uncertain and hinges on many unknown variables, such as the trajectory of interest rates, the dollar and mine supply.
While the outlook for gold is hazy, it's much clearer for another precious metal?palladium. Up 13 percent since the start of the year, palladium is one of the few commodities to rise in 2014. A combination of sinking supply and surging demand led to a deficit in the palladium market for a third-straight year.