Palladium turns positive on plans to delay auto tariffs

Wednesday, 15. May 2019 16:41

Palladium traded with gains on Wednesday, recovering some of the losses recorded earlier in the session after reports that United States President Donald Trump is planning to delay imposing more auto tariffs for the next six months. The precious metal, widely used in auto industry, gained 0.28% to sell for $1,342.06 per ounce at 10:40 am ET.

Meanwhile, gold traded flat, only 0.03% in the negative territory, at $1,296.56 per ounce at 10:42 am ET. Silver fell 0.07% to sell for $14.79 at 10:42 am ET. Platinum dropped 1.44% to go for $843.99 per ounce at 10:43 am ET.

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