Palladium declines after positive performance so far this week

Economies.com
2017-04-06 14:17PM UTC

Palladium prices fell on Thursday after a positive performance earlier this week, as the dollar rebounds against a basket of currencies to near a three-week high. 

 

Palladium last traded at $802.38 an ounce, down from the opening of $809.85, with a session-high at $812.15, and a low at $796.38. 

 

Palladium's fall came as the dollar recovered following upbeat U.S. unemployment claims data, which reflected the strength of the labor sector. 

 

These data come ahead of the crucial payrolls report tomorrow, which would hint at the future path of the Federal Reserve's monetary policy 

 

Gold prices fell today ahead of the anticipated meeting between U.S. president Trump and his Chinese counterpart, which hurt other commodities such as palladium. 

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