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Commodities Corner: Gold, palladium compete for ‘most precious metal’ title

An impressive rally recently lifted prices for gold back to their highest levels since 2013, while palladium prices crept back toward the record highs they saw in March. Both metals look to climb even further, analysts say.

“The two metals have been in a race for the most precious for some time,” said R. Michael Jones, president and chief executive officer of Platinum Group Metals Ltd. PLG, +2.27% “Palladium is still winning.”

Gold futures GCQ19, +1.89% settled at $1,418.70 an ounce a week ago, the highest finish for a most-active contract since August 28, 2013, according to FactSet data.

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