Palladium and platinum rebound in Asia

Palladium and platinum edged up on Friday, after falling sharply in the previous session on expectations the longest strike in the history of South Africa's mines would end soon. Palladium rose $3.25 an ounce to $825.25 by 0637 GMT. It plunged about 4 percent to a three-week low of $814.70 an ounce on Thursday, just a day after it rallied to a 13-1/2 year high on signs of a deadlock in wage talks.
Platimum rose $12.80 an ounce to $1,447.30, having dropped nearly 3 percent on Thursday - its biggest daily drop since June last year. Gold fell $1.36 an ounce to $1,271.50, although violence in Iraq could burnish its safe-haven appeal.