(June 9, 2014) – Gold bullion traded near the highest price in a week in London as the dollar fell against major currencies. Gold fell $0.20 or 0.02% Friday to $1,252.90/oz. Silver was unchanged at $19.03/oz. Gold and silver were both up on the week at 0.17% and 1.17% respectively.
Palladium reached a 34-month high to over $843/oz. Palladium has surged 18% this year as mine workers have downed tools since January in South Africa, the second-largest producer and on concerns about Russian supply, the world’s largest producer.
Meanwhile, mineworkers have been on strike since January in South Africa, the largest platinum producer. Platinum assets reached an all-time high last month.
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