TELETRADER News
9/22, 4:47 PM (Source: TeleTrader)
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Palladium surges 8%, platinum up nearly 5%

The price of palladium soared as much as 8% on Wednesday, while platinum surged by nearly 5% as major positive sentiment pushed markets upside, stocks and cryptocurrencies included.

Precious metals are registering gains on their way to recovery following the shock caused by the discovery of the Evergrande Real Estate's over-indebtedness earlier this week.

Palladium jumped by 7.99% to $2,057.66 per ounce at 10:43 am ET, while platinum rose by 4.95% to $1,004.25 an ounce. A minute later, spot silver increased by 1.92% to $22.92 per ounce and gold inched up by 0.17% to $1,777.28 an ounce.

Baha Breaking the News (BBN) / ND