Palladium gained for a fifth straight session on Monday to its highest since August 2011 on growing fears that supply would be hurt by more US sanctions on top producer Russia and prolonged labour strikes in No 2 producer South Africa. Gold jumped to a three-week high as mounting geopolitical tensions in Ukraine curbed investor appetite for risk, sending equities lower and boosting bullion's safe-haven appeal.
Palladium rose as much as 1.7 percent $814.20 an ounce on Monday - its highest since August 3, 2011, before settling to trade up 1.3 percent at $810.50 by 0640 GMT. Spot gold rose to a three-week high of $1,329.70 as Asian equities continued to lose more ground.
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