Gold Hits Six-Week Low, Palladium Up

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.

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