Precious Metal
Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Palladium was near the highest level since August 2011.
Bullion for immediate delivery gained as much as 0.4 percent to $1,312.67 an ounce, and traded at $1,312.59 at 9:55 a.m. in Singapore, according to Bloomberg generic pricing. Gold climbed to $1,315.68 on May 5, the highest price since April 15.
Palladium for immediate delivery fell 0.2 percent to $817.16 an ounce after reaching $820.90 yesterday on concern that supplies from Russia, the biggest producer, may be disrupted as the U.S. threatened sanctions.
Platinum was at $1,454.69 an ounce from $1,454.75. Impala Platinum Holdings Ltd., the second-largest producer, said it would cut deliveries by as much as 60 percent in three to four months should a 14-week-old pay strike continue to cripple South African mines.
Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Palladium was near the highest level since August 2011.
Bullion for immediate delivery gained as much as 0.4 percent to $1,312.67 an ounce, and traded at $1,312.59 at 9:55 a.m. in Singapore, according to Bloomberg generic pricing. Gold climbed to $1,315.68 on May 5, the highest price since April 15.
Palladium for immediate delivery fell 0.2 percent to $817.16 an ounce after reaching $820.90 yesterday on concern that supplies from Russia, the biggest producer, may be disrupted as the U.S. threatened sanctions.
Platinum was at $1,454.69 an ounce from $1,454.75. Impala Platinum Holdings Ltd., the second-largest producer, said it would cut deliveries by as much as 60 percent in three to four months should a 14-week-old pay strike continue to cripple South African mines.
