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Palladium prices reached their highest level on Thursday due to concerns over the scarcity of metals used as a catalyst in the auto industry due to labor problems in South American mines. African.
Palladium hit a record $ 1621.55 per ounce before yielding a portion of its earnings to $ 1617.30 at the end of the session.
"With regard to platinum and palladium fundamentals in particular, wage negotiations are under way in South Africa," said Suki Cooper, Precious Metals Analyst at Standard Chartered.
"Our main problem is not to expect a major disruption of the supply, but since the palladium market is already insufficient, any further production loss is likely to lead to further strain on the market. the market."
Palladium has increased by about 28% so far this year.
After releasing a Bloomberg report, the gold said that US President Donald Trump's administration officials were considering proposing a limited trade deal to China, which could delay or cancel some fees, in exchange for guarantees of intellectual property rights and agricultural purchases.
Spot gold prices increased 0.1% to $ 1,498.66 per ounce, while gold futures increased 0.3% to $ 1,507.40 'ounce.
Among the other precious metals, silver fell 0.02% to 18.07 dollars an ounce, while platinum rose 0.5% to 949.00 dollars an ounce .
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