Palladium rises to four-week high

Palladium prices rose on Wednesday to a four-week high amid higher commodity demand in the markets as the dollar gave up ground today against main currencies.
 
Palladium last traded at $739.30 an ounce, up from the opening price of $709.50, with an intraday high at $740.28, and a low at $708.53.
 
Palladium's current rise comes amid higher demand on commodities at the start of the year, with short-covering operations taking place after a series of recent tumbles.
 
On the other hand, the dollar fell against main currencies today, which helped commodities and palladium recover according to their inverse relation. 

The dollar index, tracking the greenback against a basket of six major currencies, fell to 102.87 from the opening of 103.16, with an intraday low at 102.81, and a high at 103.43, as markets await the Federal Reserve's minutes of the meeting at which it raised interest rates.