UK markets closed

Palladium Sep 22 (PA=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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1,918.50-19.60 (-1.01%)
As of 11:39AM EDT. Market open.
Full screen
Pre. SettlementN/A
Settlement date2022-09-28
Last price1,938.10
Day's range1,908.00 - 1,953.00
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  • Reuters

    Gold drops over 2% in selloff sparked by strong dollar

    Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar and rising interest rates sapped appetite for the non-yielding asset. Spot gold was trading at $1,765.22 per ounce by 1:45 p.m. ET (1745 GMT), having earlier declined as much as 2.6%. "There are more attractive alternatives" to gold in the rising interest rate environment, said Chris Gaffney, president of world markets at TIAA Bank.