Palladium trades up on Ukraine crisis

[] – Palladium traded near a one-year high as the US threatened sanctions against Russia which is the world’s biggest supplier of the metal, said Bloomberg News.

“There is a potential for supplies to be crippled should sanctions be levied,’ Frank Lesh, a trader at FuturePath Trading told the newswire agency. “There is a lot of nervousness in the market.’

Palladium for June delivery traded at $781 an ounce on the New York Mercantile Exchange at 12:14 pm in Singapore from $781.15 yesterday (March 6), when futures rose to $785, the highest level for a most-active contract since March 8, 2013.

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