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. Last Updated: 07/27/2016

Palladium Hits Record

LONDON -- The price of palladium soared 5 percent to a record Monday in Europe, while platinum reached levels not seen since 1989 as demand outstripped supplies.

Palladium was fixed at a new high of $540/ounce, up from $531 at the morning fix and compared with last Friday's afternoon fix of $514.

Platinum was set at $522 an ounce.