Palladium Reached $1000+, First Time in 16 Years

Published: Nov 09, 2017 09:04 (GMT+8)

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Palladium futures ended at more than $1000 an ounce for the first time since 2001 due to its increasing global demand and short supply.

SHANGHAI, Nov.9 (SMM)－Gold futures closed at a 3-week high on Wednesday. US dollars stopped its uptrend after reaching its peak of previous months and propped up the gold price. Palladium futures ended at more than $1000 an ounce for the first time since 2001 due to its increasing global demand and short supply.

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Palladium Gold US dollars

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