Palladium climbs from five-week trough

Palladium prices rose on Monday away from a five-week low hit on Friday, as commodities capitalize on dollar's weakness to recoup some lost ground.
 
Palladium last traded at $752.88 an ounce, up from the opening of $748.90, with a session-high at $753.15, and a low at $746.38.
 
Palladium's drop comes amid expectations of a Federal Reserve rate hike this week, which would weigh on the commodity market as investments move to the banking sector.
 
On the other hand, commodities regained the footing today as the dollar weakens amid a lack of economic data, and as traders readjust their positions ahead of the Fed's meeting.
 
The dollar index, tracking the greenback versus an array of six major peers, rose to 101.27 from the opening of 101.29, with a session-high at 101.04, and a low at 101.38.