Mining News

Palladium, gold climb as West cranks up sanctions on Russia

Palladium jumped about 6% on Monday as fresh Western sanctions on Russia raised supply concerns for the auto-catalyst, while gold rose more than 1% after President Vladimir Putin put Russia’s nuclear deterrent on high alert.

Palladium jumped 5.8% to $2 503.41 by 06:05 GMT, after having scaled its highest since July 2021 at $2 711.18 last week, and was set for a third consecutive monthly rise.

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