Palladium at record high, with prices at their closest to gold in 16 years Palladium futures notched another record settlement Tuesday, narrowing their price discount to an ounce of gold to the lowest in about 16 years.
Palladium may soon be worth more than gold At the same time, palladium prices are gaining on gold GCZ8, +0.50%
“The gold/palladium ratio is historically the narrowest it has been in quite some time,” says Ed Egilinsky, head of alternative investments at Direxion. “Gold doesn’t have the same everyday industrial usage as palladium,” and gold has been “more directly susceptible to a strengthening U.S. dollar, contributing to its recent relative weakness.”
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