Palm oil has monounsaturated fats, yes, but there's more saturated than anything else.
And speeds metabolism? Be care of that. Everyone wants to claim their product speeds metabolism and if it does at all, I'm sure it's not enough to even worry about. Like Coke pushing their product, Enviga, saying if you drink so much of it a day, you can burn off so and so amount of extra calories. I laughed when I first heard that and told people not to believe it. Well, they ended up sued for false advertising, which I was waiting on because I knew it would happen. You could probably walk around the block or run in place for 5 minutes and burn off the calories these people are claiming their products burn.
Don't believe everything you hear. There are no miracle products out there. If there were, none of us would be overweight.
You're better off with canola or olive oil. Most of their fat content is monounsaturated. And like Sue said, grapeseed oil is also good. It has about 14 grams of fat per tablespoon and only 1.5 grams of that is saturated. But I've personally never used it, so I don't know what it would be like for baking.
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