Palladium tumbled to five-year lows below $1,000 an ounce, hastening a retreat triggered by expectations of surpluses due to the rapid spread of electric vehicles and automakers choosing cheaper platinum for their autocatalysts.
Gold prices fell on Friday after
strong jobs data pushed the dollar and Treasury yields higher,
while raising expectations that the market remains strong enough
for the U.S. Federal Reserve to keep. -October 06, 2023 at 09:37 am EDT
- MarketScreener