Palladium climbs over 10% amid US policy maker's remarks

MARKETS

Christian Baha / AC

6 hours ago

Precious metals prices kept climbing on Wednesday amid United States Federal Reserve Chair Jerome Powell's remarks on inflation and interest rate cuts. Palladium led the gains rising more than 10%.

Gold climbed 0.50% at 10:43 am ET, going for $2,140, while silver rose 1.31%, selling at $23.99, and platinum went up 2.44%, going for $904.58. At the same time, palladium skyrocketed 10.56%, selling for $1,028.15.