Palladium reaches an all-time high on account of reduced supply and increased demand

MG News | January 17, 2019 at 10:44 AM GMT+05:00

0:00

January 17, 2019 (MLN): Palladium reached an all-time high on Thursday, led by lower supply and increased demand by auto catalysts, whereas gold remained steady on the back of a sturdier dollar, countering expectations of a pause in Federal Reserve's rate-hiking.

The price of palladium went up by over 60 percent since marking a rack in mid-August. Spot palladium was up by 0.1 percent at $1,360, as of 0350 GMT, after earlier hitting a record high of $1,366.50.

On the other hand, spot gold was steady at $1,292.76 per ounce, while U.S. gold futures dipped 0.1 percent to $1,292.30 per ounce.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%