Palladium falls off record highs as dollar ekes out gains

Palladium prices fell nearly one percent in American trade off recent record highs for the third session out of six, on track for weekly losses, while the dollar index climbed off November 7 lows, ahead of US industrial and services data later today. 

As of 01:01 GMT, palladium fell 0.87% to $1,145.12 an ounce off recent record highs, while the dollar index rose 0.09% to 96.80 away from two-week lows. 

Now markets await the US Markit manufacturing PMI, expected at 55.8 in November, up from 55.7, while the services PMI is estimated at 55.0, up from 54.8 in October.