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Metals Weekly Round-Up: Palladium Hits New All-Time High

Metals Weekly Round-Up: Palladium Hits New All-Time High
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Million-ounce palladium deficit will drive record prices, says Metals Focus

Million-ounce palladium deficit will drive record prices, says Metals Focus
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Gold price edges up on a weaker dollar

SHARE Gold prices edged higher on Friday due to a pullback in the dollar, though gains were curbed as data showing a rise in US inflation fanned fears of a sooner-than-expected rate hike. Spot gold was up 0.2 per cent at $1,829.61 per ounce by 10.26am UAE time. US gold futures rose 0.2 per cent at $1,827.40. The metal traded flat for the week. The dollar index was down 0.1 per cent against its rivals, making gold cheaper for other currency holders. Inflation is not necessarily bad for gold, however, it’s bad if the central banks start to act on it, and the market is getting a little bit jittery thinking that this could bring forward the US Federal Reserve’s taper a little bit

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