Palladium surges to two-year high as dollar wavers
Economies.com
2017-04-28 14:23PM UTC
Palladium prices rose on Friday to the highest since March 2015 as the dollar fell and wavered following disappointing U.S. GDP growth data.
Palladium last traded at $826.0 an ounce, up from the opening of $816.10, with an intraday high at $826.70, and a low at $813.33.
Palladium's current rise comes as the dollar declines following the weak U.S. growth data for the first quarter of the year, paving the way for palladium to gain ground.
On the other hand, gold rose modestly amid tensions in the Korean peninsula, which buoyed demand on safe havens in markets.
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