Palladium has continued this year’s rally, surging to a new record on Tuesday amid rising worries about shrinking supply. It has continued to beat gold and silver as the best investment among precious metals.
Spot palladium was up around 0.5 percent at $1,591.5 an ounce as of 07:57am GMT, after touching its highest price ever of $1,594 earlier in the session. Tuesday’s gains followed a rise of 1.5 percent on Monday.
Palladium prices have been hitting new records almost each month, and in February it surged above $1,500 an ounce for the first time.