Supply fear drives palladium to 13-year high

FrieFrench

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Palladium for immediate delivery added as much as 0.4 percent to $908.83 an ounce, and traded at $906 by 11:30 a.m. in Singapore, advancing for a fourth day, Bloomberg generic pricing show.

The metal climbed to $909.35 on Aug. 29, the highest since February 2001, and capped a seventh month of gains that was the longest streak since January 2011.

Tensions rose after Ukraine called for full membership in NATO, its strongest plea yet for Western military help after accusing Russia of sending in armored columns that have driven back its forces in support of pro-Moscow rebels.

Via Supply fear drives palladium to 13-year high
 
 
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