The price of palladium continued to rise today, and exceeded $2,800 an ounce, paving the way for its highest weekly gain in two years with growing fears of a lack of supplies from Russia, while gold remained high as the war in Ukraine continued.
And palladium increased in spot transactions 4.1 percent to $ 2889.70 an ounce at 1252 GMT, following reaching $ 2835.48 an ounce, a peak not recorded since July 2021.
Russia produces 40 percent of global production of the metal used in the auto industry, which is on track to achieve a 21.9 percent increase this week, its best level since the end of March 2020 and the fourth consecutive weekly increase.
And gold rose in spot transactions 0.6 percent to 1946.43 dollars an ounce. And US gold futures rose 0.8 percent to $ 1950.80 an ounce.
Silver rose 0.1 percent in spot transactions to $25.19 an ounce, and is heading for the fifth consecutive weekly increase. And platinum rose 0.8 percent to 1088.59 dollars an ounce.
