Gold, Palladium Compete For ‘Most Precious Metal’ Title
Wednesday, 3 July 2019 03:08 WIB | PRECIOUS METALS |GOLDEMASPalladium

An impressive rally recently lifted prices for gold back to their highest levels since 2013, while palladium prices crept back toward the record highs they saw in March. Both metals look to climb even further, analysts say.

Gold futures settled at $1,418.70 an ounce a week ago, the highest finish for a most-active contract since August 28, 2013, according to FactSet data. They™ve pulled back since then, settling at $1,408 on Tuesday. Palladium futures meanwhile, finished Tuesday at $1,552.80 an ounce, at their highest since March, when they reached a record settlement of $1,560.40.

Palladium trades just over $134 an ounce above the price of gold. Before this year, it hadn™t been priced higher than gold in more than a decade.

Source : Market Watch

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