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Another Record for Palladium as Gold Treads Water

Thursday, 28 November 2019 18:56 WIB GOLD EMAS

Palladium reached a fresh record, while gold edged higher in thin trading as the U.S. celebrates Thanksgiving. Palladium, used in autocatalysts, touched a fresh high of $1,842.46 an ounce, extending this year's rally to 46%. Yet faltering global car sales and a gloomy prognosis for the sector pose questions about whether the current price levels are sustainable, said Oleg Petropavlovskiy, a BCS Global Market analyst. Gold saw some haven buying after China confirmed its threat to retaliate after President Donald Trump signed a bill supporting Hong Kong protesters. Spot palladium rose as much as 0.4%, traded up 0.2% at $1,839.66/oz by 11:30am in...

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