Palladium rose to a record high on Thursday on lower supply and increasing demand for the metal used in auto catalysts, while a firmer dollar offset expectations of a pause in the U.S. Federal Reserve’s rate-hiking cycle, keeping gold steady.
Spot rubber continued to remain neutral on Wednesday. RSS 4 finished flat at ₹125 a kg, according to traders and the Rubber Board. February futures inched up to ₹126.82 (126.65) on the Indian Commodity Exchange.
Gold held steady on Wednesday, supported by uncertainty around Brexit, after lawmakers voted down British Prime Minister Theresa May’s deal to leave the European Union, and hopes for a rate hike pause by the U.S. Federal Reserve.
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