Palladium, platinum slide more than 1% ahead of US market open

Friday, 17. May 2019 13:38

Palladium traded with losses on Friday amid news that the United Kingdom opposition ended negotiations with the government on a joint bill for an orderly Brexit. Investors continued to scan for the latest developments in the trade dispute between Washington and Beijing, as the stocks in the United States continued to trade in the red during premarket. Major European markets resumed to trade with losses and the benchmark sovereign bonds rose, as the global appetite for risk diminished.

Palladium lost 1.01% to sell for $1,321.38 per ounce at 13:34 pm CET, while the platinum fell 1.08%, changing hands for $825.36 per ounce at the same time. Silver traded 0.44% in the red, going for $14.50 per ounce at 13:36 pm CET. Meanwhile, gold traded mostly flat, advancing 0.04% to $1,287.23 per ounce.

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