Palladium drops, gold subdued.

 
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Palladium slumped more than 5% on Friday, erasing more than $100 per ounce in the session, as investors booked profits following a strong record run, while gold prices were subdued as investors remained on the sidelines ahead of the holiday season.

Spot palladium shed 5% to $1,839.47 an ounce in New York trade on track for its biggest percentage fall since early August.

The auto-catalyst metal hit by supply deficit scaled an all-time peak of $1,998.43 an ounce earlier this week. Prices of palladium has risen about 46% so far this year.

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