Palladium

SMH reported precious metals spiked as a move by major central banks to add liquidity to global markets.

SMH reported precious metals spiked as a move by major central banks to add liquidity to global markets.

As quoted in the market news:

Palladium gained 3.8 per cent to $US605.47 an ounce.

Leon Westgate, analyst at Standard Bank, said that palladium prices were boosted by a big wave of short covering after a growing number of investors had been recently bearish on the industrial metal.

Click here to read the full SMH report.

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MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31880.24+618.34
S&P 5003973.75+72.39
NASD11535.27+180.66
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1853.55+7.77
Silver21.76-0.04
Copper4.33-0.02
Palladium1991.32+24.32
Platinum954.50-4.50
Oil109.73-0.56
Heating Oil3.640.00
Natural Gas8.77+0.03

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