Palladium Posts New Record in December Start; Gold and Silver Decline
From coinnews.net
Palladium futures logged another record in their start on Monday to the new trading week and month. Other metals, however, declined. Gold for February delivery shed $3.50, or 0.2%, to settle at $1,469.20 an ounce on the Comex division of the New York Mercantile Exchange. "A sudden rise in risk aversion among market participants on Friday allowed the gold price to gain by a good $10 to $1,465 per troy ounce in a matter of hours," MarketWatch quoted Daniel Briesemann, analyst at Commerzbank, in a note. "Relatively good Chinese data" caused the gold prices to correct again on Monday, he added. Gold futures ranged from ...
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