Palladium falls as dollar holds

Palladium prices fell on Thursday, due to growing fears of the coronavirus pandemic as the US dollar steadied against most of its peers.

The number of coronavirus infections in the US rose to the highest level sine February at 72,000 cases yesterday.

The coronavirus pandemic continues to cast its shadows on global markets, especially in the US and Europe, after the new highly transmissible delta strain emerged in India.

Members of the US Federals Reserve warned of the impact of this change in events on the recovery of the economy, especially after the highly transmible delta variant emerged.

The dollar index held against a basket of major currencies at 92.2 points as of 14:01 GMT, after hitting a high of 92.3 points and a low of 92.1 points.

Palladium September futures rose 0.1% to $2,650 an ounce as of 14:01 GMT.