Palladium falls as market focus shifts towards G20 summit

Palladium prices fell during today's trading as investors' focus shifted to the G20 summit and the meet between US President Donald Trump and Chinese President Xi Jinping.

The dollar index (against a number of major currencies) fell by 0.1% to 96.07 points at 14:35 GMT, with a high of 96.2 points and a low of 96.05 points.

The G20 summit will continue in Osaka, Japan, where leaders from around the world will attend and discuss issues of mutual interest.

Markets are focused on Trump and Xi meeting, which will discuss trade tensions and ways to end the ongoing tariff war and open a new chapter of trade relations between the two countries.

Metals movement in the market will get affected by any possible trade deal between the world's two largest economies, which will have a positive impact on demand.

In terms of trade, as of 14:49 GMT, palladium futures (September delivery) fell by 0.4% to $1532 per ounce, with a high of $1558.3 ​​and a low of $1511.