CHART OF THE DAY: Palladium Price’s Bull Rush Skyward Continues

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Source: Kitco.com (obviously).

The price of US palladium bar on the MetalMiner IndX rose 2.0 percent on Friday, September 5, making it the day’s biggest mover. After two days of falling prices, it closed at $887.00 per ounce. The price of Chinese palladium bar is back up, rising by 0.5 percent last Friday to close at CNY 194.00 ($31.60) per gram. At JPY 3,023 ($28.62) per gram, the price of Japanese palladium bar was essentially unchanged.

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The price of US platinum bar fell 0.4 percent to $1,398 per ounce. The price of Japanese platinum bar declined 0.1 percent to JPY 4,778 ($45.24) per gram. Following two days of downward movement, the price of Chinese platinum bar held steady at CNY 297.00 ($48.37) per gram.

Indian gold bullion prices saw a 0.7 percent decline to INR 27,599 ($456.75) per 10 grams. At $1,261 per ounce, US gold bullion fell 0.7 percent last Friday. Chinese gold bullion ended the day at CNY 250.20 ($40.75) per gram, after the 0.6 percent drop last Friday. At JPY 4,281 ($40.54), the price of Japanese gold bullion finished the market day up 0.1 percent per gram.

Indian silver closed 0.7 percent lower at INR 42,016 ($695.34) per kilogram. At $19.05 per ounce, US silver fell 0.6 percent last Friday. The price of Chinese silver declined 0.4 percent to CNY 4,175 ($679.99) per kilogram. The price of Japanese silver showed little movement last Friday at JPY 647.00 ($6.13) per 10 grams.

Did you know gold was a conflict mineral? The “G” in 3TG?

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