Precious metals mostly up, palladium jumps by 8.5%14 Feb 2024 18:05
The prices of silver, platinum, and palladium advanced on Wednesday after plunging the previous day following the report on the United States' annual inflation that showed a higher-than-expected 3.1% in January. Traders seemingly still evaluated how the Federal Reserve will react to the news and which commodity they should invest in.
Meanwhile, it was reported that Intel Corporation is seeking to raise at least $2 billion in equity to build a new semiconductor-making plant in Ireland, increasing interest in palladium.
Gold went down by 0.06% at 12:06 pm ET to sell for $1,1991.34 per ounce. On the other hand, silver rose by 1.47% at 12:07 pm ET, going for $22.40 per ounce. At the same time, platinum gained 2.02%, selling for $893.22 per ounce. A minute later, palladium grew by 7.92% to go for $918.01, having soared by almost 8.5% minutes earlier.
Baha Breaking News (BBN) / JR