Bloomberg News

Palladium Heads for Biggest Gain Since Feb. 21 in N.Y.

May 29, 2012

(Corrects second paragraph to show floor and electronic trading schedule.)

Palladium futures for September delivery rose $19.45, or 3.3 percent, to $611.30 an ounce at 10:45 a.m. on the New York Mercantile Exchange. A close at that price would mark the biggest gain for a most-active contract since Feb. 21

Yesterday, Nymex floor trading was closed for a public holiday, while electronic trading was open, and no settlement price was issued. Palladium for immediate delivery in over-the- counter trading climbed 2.6 percent yesterday.

To contact the reporter on this story: Patrick McKiernan in New York at pmckiernan@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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