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Palladium surges to record, while gold reclaims $1,300/oz
Palladium soared to a record high on Friday as news that Russia is considering a temporary ban on the export of precious metals scrap fed into fears of a supply shortfall this year. Gold also bounced back above $1,300 an ounce as the dollar eased and global growth fears ramped up. Palladium jumped to an all-time high of $1,567.50 an ounce, and was last up 0.2 percent at $1,561.70 at 1258 GMT. Russia’s trade and industry ministry said it is considering a ban on the export of precious metals scrap and tailings between May 1 and Oct. 31 to promote domestic refining of the materials. “It is just a speculation and ... (full story)