Palladium Prices Reach Three Year High as Strike Violence Escalates

The Wall Street Journal reported that palladium prices reached almost a three year high on Wednesday, bolstered by intensifying violence in an ongoing South African miners strike. According to the Journal, striking mine workers blocked their counterparts from returning to work. Palladium has also been lifted by ongoing tensions between Russia and the Ukraine.

As quoted in the publication:

Palladium for June delivery, the most actively traded contract, rose $11.50, or 1.4%, to $828.80 a troy ounce on the Comex division of the New York Mercantile Exchange, its highest closing price since Aug. 1, 2011.

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