Palladium Eyes $1,800 as Rally Resumes; Gold Drifts
Monday, 21 October 2019 16:02 WIB | PRECIOUS METALS |Palladium Spot EmasEMASGOLD

Palladium resumed its upward march after a brief retreat late last week, boosted by concerns over South African mine supply in an already tight market.

The metal, used to curb emissions from vehicle engines, reached a record $1,784.94 an ounce on Oct. 17.

Gold is little changed as investors weigh the latest trade and Brexit developments ahead of the Federal Reserve™s monetary policy decision at the end of this month. Money managers have decreased their bullish gold bets to a 12-week low, Friday™s CFTC data on futures and options showed.

Spot palladium jumped as much as 1.2% and was up 0.5% at $1,764.64/oz by 9:39am in London. Silver and platinum also gained. Spot gold was down 0.1% at $1,488.71/oz.

Source : Bloomberg

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