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Platinum, Palladium Prices Surge On Supply Worries

Posted on 08 July 2014

Platinum prices hit a 10-month high last week boosted by supply worries despite an end to the five-month strike in South Africa’s platinum belt. Palladium was trading at close to its highest level since early 2001.
Spot platinum was at its strongest since September at $1,511 an ounce in the pm fix on July 2 on London’s Platinum and Palladium Market although had inched down to $1,503 in the pm fix on July 4. On Nymex, the platinum contract for October delivery settled $32.10 higher at $1,515 an ounce before easing back to close at $1,507.70 on July 3……………………………………..Full Article: Source


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