, Columnist
Marilyn Monroe's Wedding Ring Loses Its Shine
Platinum's pain has been palladium's gain as sales of gasoline cars rise.
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Just as electric cars seem to be taking over, an element inextricably tied to the fortunes of the internal combustion engine is surging.
Palladium hit a 16-year high of $1,094.51 an ounce Tuesday and is 1.5 percent away from breaching its 2001 record of $1,110.50 an ounce, after doubling in price over the past two years. Having traded for a fifth of the cost of platinum as recently as 2009, palladium is now worth more than its sister metal's $943.65 an ounce.