Precious Metals: Platinum and Palladium Biggest Movers

CNBC reported on precious metals trading on Monday, noting platinum and palladium surged on news Spanish banks will receive financial help.

As quoted in the market news:

Spot platinum was up 1.3 percent at $1,439.74 an ounce, while spot palladium was up 1.3 percent at $617.47 an ounce.

The gold/platinum ratio, which measures the number of platinum ounces needed to buy an ounce of gold, retreated from near five-month highs as platinum outperformed, while the spread narrowed to $150 an ounce from nearly $200 an ounce last week.

Click here to read the full CNBC report.