Gold steadies, palladium hits all-time peak.

 
FREE EXCERPT

Gold steadied on Friday, paring earlier gains as equity markets rose and the dollar strengthened after Washington said it was close to finalizing parts of a trade pact with Beijing, but bullion was still on track for a weekly gain.

Deficit-hit palladium notched an all-time high, meanwhile, driven by short supplies of the auto-catalyst metal.

Spot gold was flat at $1,503.11 per ounce in New York trade on Friday, having earlier hit its highest since Oct. 3 at $1,517.70 gaining nearly 1%. The precious metal was up about 1%...

To continue reading

REQUEST YOUR TRIAL