Palladium Hits Highest Level Since February

Forbes reports palladium rose sharply and platinum also posted solid gains Tuesday over worries about a coal strike in South Africa cutting power to mines.

The market news is quoted as saying,

At 2:05 p.m. EDT, September palladium was $28, or 3.5%, higher at $837 an ounce on the New York Mercantile Exchange. The contract hit a peak of $845.40 that was its strongest level since February.

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