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Palladium hits record high, briefly surpasses gold price

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Palladium soared to a record high on Tuesday, fuelled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing bullion, which scaled to more than a five-week peak as the dollar slid. Spot gold was up 0.7 percent to $1,239.55 per ounce at 1:44 p.m. EST (1844 GMT) after earlier hitting $1,241.86, the highest price since Oct. 26. U.S. gold futures settled up 0.56 percent at $1,246.60 per ounce.Palladium climbed 2.3 percent to $1,230.90 per ounce, having earlier jumped to an all-time high of $1,239.50."We have a tight ...

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First Published: Wed, December 05 2018. 05:34 IST