12/2/2019, 4:48 PM (Source: TeleTrader)
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Palladium reaches new all-time high

The price of palladium broke another record on Monday as persisting uncertainty surrounding the trade relations between the world's two biggest economies made traders turn to safe-haven assets.

Largely contributing to the spike were strong economic figures from China, whose manufacturing sector improved in November with the PMI standing at 50.2, rising 0.9 points from October. Meanwhile, the non-manufacturing PMI also recorded an increase, landing at 54.4 in the eleventh month.

Palladium rose 0.95% at 4:45 pm CET, selling for 1,859.08 per ounce.

Breaking the News / GG