Further Sanctions Against Russia To Send Palladium Prices Surging [ETFS Physical Palladium Shares]

MARKET UPDATE
Today’s AM fix was USD 1,287.25, EUR 979.34 and GBP 774.47 per ounce.

Friday’s AM fix was USD 1,285.75, EUR 975.83 and GBP 774.55 per ounce.

Gold fell $2.00 or 0.16% to $1,287.30 and silver slipped $0.05 or 0.26% to $19.48 per ounce Friday. For the week, gold was up 0.54% while silver remained unchanged.

Today, the U.S. markets are observing a national holiday for Labor Day.

Platinum is trading at $1,424, unchanged from Friday. Palladium is again up strongly at multi-year highs at $909, up 1.5% from Friday’s $895.

With the Labor Day holiday today in the US, markets are expected to be quieter than usual, but given that it’s now September, the remainder of the week is set to see higher volumes and more market activity as traders return and refocus following what is traditionally considered the holiday month of August.

by Ronan Manly, GoldCore Consultant. Editor Mark O’Byrne of GoldCore

This article is brought to you courtesy of Goldcore which appeared on ZeroHedge.

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