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Palladium Soars Past $1,550 on Mine Strike Fears; Gold Firm


Tuesday, 26 February 2019 11:14 WIB

GOLDEMAS


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Palladium surged to a record high on Tuesday, rising above $1,550, as the threat of strikes in the South African mining industry aggravated supply concerns in an already tight market, while gold prices were firm on a subdued dollar.

Spot palladium, which rose to as high as $1,553 per ounce, was up 0.7 percent at $1,552 as of 01:28 GMT.

Spot gold was flat at $1,327.40 per ounce, while U.S. gold futures were steady at $1,329.9 per ounce.

Source : Reuters


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