Palladium rises as other precious metals see declines

Precious metals prices were mixed on Thursday, with most lower on the session. The exception was June palladium, which added $4.75 to $374.90 per troy ounce after going as high as $377.90 per troy ounce during the day, its highest price since May 2006. Spot palladium traded in a range between $367.50/372.50.

June gold was $2 lower to $679.70 per troy ounce and traded in a range between $675.50 and $684.60. Spot gold was around $675.80/$676.30 per troy ounce, slightly lower than late Wednesday’s quotes. The afternoon fix in London was at $677.25 per troy ounce.

May silver dropped 3.5 cents to $13.855 per troy ounce, trading in a range from $13.695 to $13.975. Spot silver was at $13.84/$13.89. The London afternoon silver fix was at $13.840 per troy ounce.

July platinum dropped $1.80 to $1,279.50 per troy ounce, while spot platinum was quoted around $1,265/$1,270 per troy ounce.

Among base metals, May copper dropped 8 cents to trade at $3.50 per pound on Thursday afternoon.