Palladium Soars Past $1,550 on Mine Strike Fears; Gold Firm
Tuesday, 26 February 2019 11:14 WIB |
PRECIOUS METALS |GOLDEMAS
Palladium surged to a record high on Tuesday, rising above $1,550, as the threat of strikes in the South African mining industry aggravated supply concerns in an already tight market, while gold prices were firm on a subdued dollar.
Spot palladium, which rose to as high as $1,553 per ounce, was up 0.7 percent at $1,552 as of 01:28 GMT.
Spot gold was flat at $1,327.40 per ounce, while U.S. gold futures were steady at $1,329.9 per ounce.
Source : Reuters
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