The rouble smashed through resistance to an all-time low of 65.5 to the dollar, falling a jaw-dropping 11%, in a crescendo of selling on Monday, as oil prices continued to slide and markets braced for a likely default in Ukraine.
Palladium for immediate delivery added as much as 0.4 percent to $908.83 an ounce, and traded at $906 by 11:30 a.m. in Singapore, advancing for a fourth day, Bloomberg generic pricing show. The metal climbed to $909.35 on Aug. 29,
Nickel outperformed other industrial metals last week, surging 9 per cent for its steepest weekly advance in four years. Prices of the metal used in stainless steel climbed to a two-year high May 9 after the closure of Vale SA’s
On the London Metal Exchange, nickel for delivery in three months jumped 2.2 percent to settle at $17,790 a metric ton. Earlier, the price reached $17,917, the highest since Feb. 19, 2013. The commodity climbed for the 11th straight session,
Palladium touched 785 dollars per ounce last Thursday in London, the highest level for an most-active contract since March 8, 2013. Investors are concerned about the consequences of tensions between Russia and Ukraine on the supply of the precious metal,