Palladium hovers near a record level and gold is rising

LONDON (Archyde.com) – Palladium settled below its all-time high in volatile trading on Tuesday, as fears of tight supply exacerbated by the Russia-Ukraine war, while gold remained above the psychological $2,000 level and made further gains.
And palladium fell in spot transactions 0.2 percent to $ 2,990.14 an ounce by 14.06 GMT.
The metal has risen nearly 60 percent so far this year, after hitting a record high of $3,440.76 an ounce on Monday.
On the other hand, gold rose about 0.9 percent to $ 2016.30 an ounce, after rising to $ 2020.80 an ounce earlier in the day, its highest level since August 2020.
Platinum rose 2.4 percent to $1,149.37.
And US gold futures rose 1.2 percent to $ 2020.60 an ounce.
Among other precious metals, silver rose in spot transactions 2.2 percent to $26.23 an ounce.