• September 22, 2021

Cricinfo: Gold, platinum and palladium at record lows, gold at record highs

Gold and platinum are trading at record low levels, while palladium is at record high levels, according to new research.

The news comes as China is preparing to mark its 50th birthday. 

“It’s really the first time that gold and platinum prices have been in this position,” said Peter Smith, chief investment officer at investment bank Credit Suisse. 

The gold and pallium markets have also fallen in value. 

On Monday, gold traded at $1,242 an ounce, down from $1.23 per ounce on Friday, according the CoinDesk gold price index.

Platinum rose to $2,069.75 an ounce.

The platinum price index has fallen by more than a third since mid-February, to $3,859.24.

On Friday, gold hit a six-month high of $1 of the metal.

The palladium price index rose to a five-month low of $918.50 an ounce on Monday, according a Reuters report.