Palladium Around $820 as Mining Strike Nears End

Palladium ended just above a one-month low on Friday, extending its biggest drop in nearly a year from the previous session, as investors awaited confirmation that South Africa’s longest mining strike would end soon.

Gold prices edged up after Thursday’s 1 percent gain. The safe-haven metal, however, failed to rally further on market expectations that security conditions in Iraq will improve soon, traders said.

The leader of South Africa’s striking AMCU union said on Friday he hoped to meet the three major platinum firms over the weekend to give them formal feedback from workers about a wage offer that could mean the end of a five-month strike.

CNBC

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