Palladium climbs to one-week high even as dollar recovers

Palladium prices rose on Monday to a one-week high even as the dollar rose today away from last week's lows, reflecting strong commodity demand.
 
Palladium last traded at $770.40 an ounce, up from the opening of $748.36, with an intraday high at $772.78, and a low at $748.20.
 
Palladium's rise comes as commodities recover at large in the markets even as the dollar rebounds against a basket of currencies today, as commodity demand rises amid uncertainty in the markets.
 
On the other hand, earlier global data showed strong industrial performance, while risk appetite grew, which underpins demand on industrial commodities.
 
The dollar index, tracking the greenback against a basket of currencies, rose to 100.14 from the opening of 99.72, with an intraday high at 100.23, and a low at 99.62, with the recovery following the payrolls report last Friday, which curbed the gains.