24.11.2016 - Eyes on tightening palladium/platinum price differential, parity unlikely: sources
The platinum/palladium discount is in focus this week, with palladium creeping closer to platinum in dollar-terms, although parity is unlikely near-term, according to sources. As of 1005 GMT Wednesday morning, palladium was spot bid at $742/oz with platinum at $938/oz. This is the tightest the two prices have been in over five years. The last time they traded at parity was back in 2000. Palladium traded above platinum in 2000/2001 when it spiked to more than $1,000/oz after Russian exports were suspended.......................................Full Article: Source
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