Palladium hits 19-month high on supply worries, demand hopes

NEW YORK, March 8 Fri Mar 8, 2013 1:19pm EST

NEW YORK, March 8 (Reuters) - Palladium rose nearly 4 percent to a 19-month high on Friday, as a combination of supply worries and booming auto demand triggered heavy investment buying, traders said.

Spot palladium was up 2.9 percent at $777 an ounce by 1:13 p.m. EST (1813 GMT), having earlier hit $783.50, which marked the highest since September 2011. (Reporting by Frank Tang; Editing by Jan Paschal)

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