Reuters reported that palladium has reached a 16-month high, buoyed by upbeat data on the world’s two biggest economies.

As quoted in the market news:

Spot palladium led the gains in the complex with a 1-percent gain, to $730.22 an ounce by 0753 GMT. It hit a 16-month high of $730.47 earlier.

Click here to read the full Reuters report.