The Price of This Precious Metal Keeps Climbing

Price of palladium sets new records

Palladium, a precious metal used in catalytic converters, has set new price records recently, climbing to $2,293 per troy ounce, surpassing last year’s price of $1,263. By comparison, gold is currently selling for $1,573 per troy ounce. Over the past year, palladium has been a favorite play for commodities traders.