By Steve Fiscor, Editor-in-Chief
At the end of June, gold prices had climbed to a five-year high of more than $1,400/ounce (oz), an $84/oz gain (6.3%) since the beginning of the month. Silver prices, which ordinarily trade in a similar pattern with gold, were lagging with only a 3.5% increase, moving comfortably above the $15/oz mark. Palladium’s meteoric rise continued with prices climbing to $1,525/oz from $1,341/oz (13.7% gain) in June. Despite the significant climb in gold prices, which were based on perceived economic worries, palladium prices maintained a significant margin as the precious metals leader due to metal demand from the industrial sector.