Palladium Advances, Bernanke Fails to Offer Plan for Stimulating U.S. Economy

Bloomberg reports that gold and other precious metals rose after Bernanke’s comments today offering no further plan to stimulate the economy.

The market news is quoted as saying,

Platinum futures for October delivery gained $4.50, or 0.2 percent, to $1,826.90 an ounce on the New York Mercantile Exchange. Palladium futures for December delivery rose $4.90, or 0.7 percent, to $758.10 an ounce on the Nymex.

This week, platinum lost 2.6 percent and palladium gained 1.2 percent.

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