Palladium prices rose to a record level, gold - to a 7-week high

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Palladium prices have been rising for four months in a row, due to fears of a shortage of precious metals in the global market. Gasoline vehicles, which require catalysts for the production of palladium, are much more in demand than diesel-powered vehicles. As reported by Bloomberg, on Tuesday, palladium reached a record price of 1 thousand 233 dollars 82 cents per troy ounce. Then the growth of its value slowed down to 1 thousand 230 dollars 28 cents per ounce. Commerzbank analysts believe that over time, its price can be equal to the price of gold, which on Tuesday went up by 0.8% to 1 thousand 239 dollars 98 cents per ounce.

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