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Palladium holds near record levels on supply woes; gold steady

From uk.reuters.com

Palladium held near $1,400 an ounce on Friday after surging to record levels in the previous session on tight supplies and robust demand, while gold stood firm amid a partial U.S. government shutdown. FUNDAMENTALS * Spot palladium was up 0.3 percent at $1,400.50 per ounce at 0116 GMT, having hit an all-time high of $1,434.50 on Thursday. The metal is on track to climb for a fourth week in its strongest weekly gain since the week ending Sept. 21. It has risen around 11 percent so far this month. * The price of palladium, used mainly in emissions-reducing catalysts for vehicles, is up nearly 70 percent since marking a ... (full story)

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  • Category: Fundamental Analysis