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Palladium at record high, with prices at their closest to gold in 16 years
Palladium futures were poised to notch another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years.
In Tuesday dealings, the price spread fell below $60 an ounce, with March palladium PAH9, +1.36% up $18.30, or 1.6%, at $1,183.90 an ounce and February gold GCG9, +0.54% up by $2.80, or 0.2%, to $1,242.30 an ounce on Comex. That’s the lowest price spread between the two metals since December 2002, according to Dow Jones Market Data.
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Palladium futures were poised to notch another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years.
In Tuesday dealings, the price spread fell below $60 an ounce, with March palladium PAH9, +1.36% up $18.30, or 1.6%, at $1,183.90 an ounce and February gold GCG9, +0.54% up by $2.80, or 0.2%, to $1,242.30 an ounce on Comex. That’s the lowest price spread between the two metals since December 2002, according to Dow Jones Market Data.
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