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    market news

    Gold Hits Six-Week Low, Palladium Up

    Investing News Network
    Jul. 01, 2011 06:52AM PST
    Precious Metals

    Reuters reports that platinum and palladium outperformed gold this week.

    Reuters reports that platinum and palladium outperformed gold this week.

    The market news is quoted as saying,

    The white metals have outperformed gold this week, with platinum rising 1.5 percent and palladium up 3.3 percent, as a retreat in risk aversion benefited industrial metals more than safe-haven gold.

    Spot platinum was bid at $1,701.49 an ounce versus $1,720.15, while spot palladium was at $750.47 an ounce against $752.25.

    For the complete market news, click here.

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