Palladium climbs but still hangs below $1,900
2022-11-22 15:34PM UTC

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. 

Commodities News

Oil News


Oil prices try to recover from six-month trough
2023-12-07 13:55PM UTC
Global oil prices rose on Thursday for the first time in six days away from six-month lows as the ...
Gold News


Gold keeps rising as dollar loses steam
2023-12-07 08:26AM UTC
Gold prices rose in European trade on Thursday for another session as the dollar slowed down ...
Steel News


Nickel climbs as dollar loses ground while markets assess Chinese data
2023-12-06 15:29PM UTC
Nickel prices rose on Wednesday as the dollar loses ground against major rivals while markets ...

Commodities Technical Analysis

Technical Analysis


Sugar price presses on the support – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
Sugar price continues to fluctuate near 22.60 level and presses negatively on it, to keep the ...
Technical Analysis


Soybean price attempts positively – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
Soybean price surpassed 1311.70 level strongly to approach the EMA50, hinting heading to build ...
Technical Analysis


Corn price attempts to recover – Analysis - 08-12-2023
2023-12-08 04:40AM UTC
Corn price traded positively yesterday to attack 487.90 level, noticing that stochastic lost its ...