Palladium rises to a record high while gold prices drop against a strong dollar

December 13, 2018 (MLN): Gold prices finally plunged during initial hours on Thursday, as the dollar strengthened after declining from a near one-month high in the previous session, while palladium rose to a record high, trading at a premium to gold.

Spot gold was down 0.1 percent at $1,244.56 per ounce, as of 0124 GMT. U.S. gold futures were little changed at $1,249.5 per ounce. Spot palladium was up 0.1 percent at $1,262.35 per ounce. Prices hit an all-time high of $1,264.25 earlier in the session.

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Posted on: 2018-12-13T10:35:00+05:00