Palladium posted its biggest daily losses in almost a year on Thursday after South African producers struck a deal with the union to end a crippling five-month strike, and violent conflict in Iraq burnished gold's safe haven status. Spot palladium fell almost 5 percent to a three-week low of $814.70 an ounce, just a day after it rallied to a 13-year high on signs of a deadlock in wage talks.
It was down 4.1 percent at $822.05 by 2:50 pm EDT (1850 GMT), its biggest one-day drop in nearly a year. Spot platinum fell more than 3 percent to a one-week low of $1,427.80 an ounce. It was last trading down 2.4 percent to $1.440.70. Spot gold was up 1 percent an ounce to $1,273. US COMEX gold futures for August delivery settled up $12.80 to $1,274. Silver rose 1.8 percent to $19.49 an ounce.
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