14 April 2014
PALLADIUM AT NEAR-3-YEAR HIGHS Palladium was up 1 percent at $808 an ounce, oncourse for its fifth session of gains. Relations between Russia and the West are at their worstsince the Cold War, after Moscow annexed Crimea from Ukraine,saying the Russian population there was under threat. The United States is prepared to step up sanctions againstMoscow if pro-Russian military actions in eastern Ukrainecontinue, a senior U.S. envoy said, with the sanctions set totarget mining, banking and energy, among other sectors.[ID:nL2N0N50AK Palladium has outperformed other precious metals this year,gaining about 14 percent also supported by fears of supply,growing demand in the auto sector and buying from twonewly-launched exchange-traded funds (ETFs) in Johannesburg. Platinum gained about 1 percent to its highest innearly a month at $1,464.40 as labour strikes continued in SouthAfrica. Silver was down 0.4 percent to $19.87 an ounce.