The price of palladium jumped, on Friday, above $ 3000 an ounce, for the first time since May 2021, as fears of a lack of supplies from Russia, the main exporter of the metal, grew, while the war in Ukraine supported demand for gold as a safe haven.
And palladium increased in spot transactions 8.4 percent to $ 3,008.74 an ounce during the session, and it was traded at 1930 GMT, up 7.6 percent at $2985.54 an ounce.
Russia produces 40 percent of global production of the metal used in the auto industry, which increased by 25 percent this week, its best level since the end of March 2020.
And gold jumped in spot transactions 1.6 percent to $ 1965.97 an ounce, bringing its gains this week to about four percent.
And US gold futures rose 1.6 percent when settling to $196.6 an ounce.
Silver rose two percent in spot transactions to $25.67 an ounce and is heading for the fifth consecutive weekly increase.
Platinum rose 3.4 percent to $1,117.06 an ounce.
(Archyde.com)