Palladium climbs over 3% amid expectations of higher metals demand

Economies.com
2023-01-04 15:13PM UTC

Palladium, prices rose on Wednesday as the dollar declined against a basket of major rivals, while demand improved on industrial metals. 

 

Palladium received support from expectations of improving demand on the industrial metal in 2023 as the Chinese economy improves, pushing the global economy forward. 

 

It comes after the Chinese government decided to ease shutdown and Covid 19 restrictions in December.

 

The dollar index fell 0.5% as of 15:01 GMT to 104.03, with a session-high at 104.6, and a low at 103.8. 

 

Palladium futures due in March rallied 3.1% to $1,745.5 an ounce as of 15:02 GMT. 

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