Palladium rises, shrugs off renewed lockdown worries
Palladium prices rose on Tuesday, as the US dollar fell against its peers, despite renewed fears over lockdown restrictions in several countries around the world.
British Prime Minister Boris Johnson announced yesterday re-imposing full lockdown restrictions in the country until mid-February to curb the spread of the coronavirus.
Britain last month identified a new strain of the coronavirus, which can spread more quickly than the prior.
This came despite the UK the UK, and other countries are trying to contain the pandemic by administering several promising vaccines, including the Pfizer-BioNTech vaccine and Moderna's vaccine.
The dollar index fell against a basket of major currencies by 0.2% to 89.7 points as of 14:31 GMT, after hitting a high of 89.9 points and a low of 89.6 points.
Palladium March futures rose 1.5% to $2,427 an ounce as of 14:32 GMT, with a high of $2,453 and a low of $2,380.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.2111
|
0.0046
|
0.3821%
|
|
|
|
|
1.3663
|
0.0114
|
0.8447%
|
|
|
|
Tadawul
|
8878.30
|
-29.61
|
0.33%
|
|
|
|
|
25.802
|
0.896
|
3.600%
|
|
|
|
|
53.038
|
0.738
|
1.411%
|
|
|
|
|
56.08
|
-0.23
|
0.41%
|
|
|
|
|
1868.915
|
32.800
|
1.786%
|
|
