(Mining.com) Platinum futures trading on the Nymex market in New York lost $13.70 an ounce to $1,115 on Monday, down from 15-month high hit last week. Palladium contracts gained slightly but stayed below $700 an ounce as the metal retreats from its highest level since June last year.
Despite today’s pullback, platinum is performing better than gold in 2016 with a year to date advance of 28.5%. Sister metal palladium enjoyed its best month for nearly a decade, soaring more than 21% in July and measured from its January 12 low the metal is up over 47% or $223 an ounce.
