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As part of its price report for August 2013, Platinum Today reported that after hitting a high of $760 per ounce midway through the month, palladium closed August at at $740.
As part of its price report for August 2013, Platinum Today reported that after hitting a high of $760 per ounce midway through the month, palladium closed August at at $740.
As quoted in the market news:
Palladium began the month at $732, some way below recent highs, as some investor-led profit taking in ‘weaker’ long positions dragged the price lower, hitting the month’s low of $722 on the 7th. From the 8th palladium tracked the direction in platinum, drawing strength from concerns about potential disruption to production in South Africa and dollar weakness following the release of disappointing US economic data. The price of $760 set on the 16th was a two-month high.