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Palladium price soars to 13-year high

by Kip Keen, MineWeb.com

The price of palladium, hitting $865 an ounce on Friday, made a notable record. It hasn’t, as Reuters notes, traded so high since February 2001. What’s more, it also surged by highs it hit back in 2011 when it traded in the mid-$800s an ounce.

Palladium’s performance sets it apart from platinum. While platinum prices have been strong lately, reflecting the aftermath of the platinum sector strike in South Africa, their movement pales in comparison to palladium. Platinum, which recently broke $1,500 an ounce, neared $2,000 an ounce back in 2011.

Read More @ MineWeb.com

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