Palladium marks record November

Precious metals futures gained on Friday and for the holiday-shortened trading week. Markets in the U.S. closed Thursday for the Thanksgiving holiday and ended early on Black Friday. All but palladium, which scored another record, posted monthly losses.

In PGM futures on Friday, for the week, and for the month

  • January platinum added $5, or 0.6%, to close at $900.40 an ounce, lifting its weekly increase to 0.9% and trimming it loss in November to 3.6%.
  • Palladium for March delivery rose $4.20, or 0.2%, to a new record settlement of $1,810.10 an ounce. Palladium logged gains of 3.8% on the week and 3.1% on the month.

Both metals are higher on the year so far with increases of 12.5% for platinum and 51.2% for palladium.

Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.

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