Platinum's discount to palladium hits 16-year-high

Newswire

By Renita D. Young NEW YORK, Dec 7 (Reuters) - Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1,022.70 on Thursday, just off a 16-year high from last week, while platinum hit a low of $887.50 per ounce, putting it on track for its biggest weekly loss in nine months. The platinum ...

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