Palladium climbs but still hangs below $1,900

2022-11-22 15:56:43 GMT (Economies.com)
Palladium climbs but still hangs below $1,900

Palladium prices rose on Tuesday as the dollar fell against most major rivals, but the gains were not enough to push prices past $1,900.

 

Chinese health authorities reimposed restrictions on movements as Covid 19 infections surge once more, hurting demand on commodities.

 

Also the government reported the first two cases of Covid 19 deaths in six months, which means the road is still long before the policies work.

 

China is the world's largest consumer and importer of palladium and many other industrial metals, and prices are thus impacted by Chinese developments. 

 

The dollar index fell 0.4% to 107.3 as of 15:22 GMT, with a session-high at 107.7, and a low at 107.2. 

 

Palladium futures due in December rose 1% as of 15:23 GMT to $1,872 an ounce. 

 
 
 
  Symbol Last Change Chg.%
1.0516
-0.0074
0.7032%
1.2206
-0.0099
0.8039%
22.454
-0.703
3.038%
75.954
-5.521
6.776%
81.42
-1.25
1.51%
1777.400
-18.160
1.011%
 
 
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