Epic Research Singapore : Commodity Market Update

Gold down 3% on week,palladium hits 2011 high

Gold futures closed higher on Friday, buoyed by a weaker dollar as tensions between Russia and the West over Ukraine lured traders back to the precious metals, but prices still lost around 3% on the week. Risks to Russian supplies lifted prices for palladium to their highest level since 2011.

April gold GCJ4 +0.30% rose $5.50 or 0.4%, to settle at $1,336 an ounce on Comex. June palladium PAM4 +3.03% rose $17.65, or 2.3%, to end at $789.30 an ounce, up 2.1% on the week. 

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