LONDON (Reuters) – Palladium fell more than 10 percent on Monday, erasing most of the gains that had led to record levels during the Ukraine crisis, as supply concerns eased. Gold also fell more than one percent on cautious hopes for progress in peace talks.
And palladium, of which Russia is the largest producer, fell 9.3 percent to $ 2555.46 an ounce by 11:02 GMT, to witness the largest daily percentage decline in at least nine months. It fell as much as 11.1 percent earlier in the session.
For other precious metals, platinum fell 3.7 percent to $ 1039.85. And gold fell 1.2 percent to 1962.01 dollars an ounce, while the US gold futures fell one percent to reach 1964.00 dollars.
The price of silver in spot transactions fell 2.3 percent to $ 25.20 an ounce.
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