Palladium climbs over 2% even as dollar muscles up
2023-08-22 16:14PM UTC

Palladium prices rose on Tuesday even as dollar gained ground against most major rivals, but strong risk appetite underpinned industrial metals.


China cut its mainline one-year borrowing rates as expected this week amid efforts to boost credit demand.


Economists point to the high debt levels carried by several local governments in China, which constitute a significant risk to the economy.


Otherwise, the dollar index rose 0.3% to 103.5 as of 17:00 GMT, with a session-high at 103.7, and a low at 103.01.



A stronger dollar usually weighs on dollar-denominated metals and commodities as they become costlier to holders of other currencies.


Palladium is used extensively in the electronics and automotive industries for its ability to reduce exhaust fumes.


On trading, palladium futures due in December rose 2.2% as of 17:01 GMT to $1,270.5 an ounce. 

Commodities News

Palladium News


Palladium sharpens decline to below $1000 an ounce
2023-12-08 16:57PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, sharpening losses to ...
Gold News


Gold edges up ahead of US jobs data
2023-12-08 08:12AM UTC
Gold prices rose in European trade on Friday for the third straight session ahead of US monthly ...
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 ...

Commodities Technical Analysis

Gold Analysis


Evening update for Gold 08-12-2023
2023-12-08 15:05PM UTC
Gold price broke the bullish channel’s support line clearly and closed the last four ...
Brent oil Analysis


Midday update for Brent oil 08-12-2023
2023-12-08 10:36AM UTC
Brent oil price attempted to breach 75.60 level but it returned to fluctuate below it again, which ...
Oil Analysis


Midday update for Crude oil 08-12-2023
2023-12-08 10:36AM UTC
Crude oil price traded with additional positivity to attack 70.50 level but it returned to trade ...