Palladium Futures Rally To a Nearly 14-month High

By Myra P. SaefongMarketsMarketWatch Pulse

Palladium futures took the spotlight among major metals Wednesday, rallying to their highest settlement in almost 14 months, buoyed by strong vehicle sales in China. The dollar-denominated metal, along with gold and silver, also got a boost from weakness in the U.S. dollar. September palladium rose $32.05, or 4.6%, to settle at $726. 40 an ounce, the highest futures finish since mid-June of last year, according to FactSet data. December gold settled at $1,351.90 an ounce, up $5.20, or 0.4%, while September silver added 32 cents, or 1.6%, to end at $20.17 an ounce.

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