Palladium falls off record highs as dollar rebounds

Palladium prices fell off record highs as the dollar index rose from November 22 lows for the third session out of four, following earlier labor data from the US today. 

As of 03:53 GMT, palladium prices fell 0.46% to $1,259.51 an ounce, after marking record highs at $1,271.69, while the dollar index rose 0.24% to 97.28 off three-week lows. 

Earlier US data showed unemployment claims fell 27 thousand in the week ending December 8 to 206 thousand, far below estimates of 226K, while continuing claims for the week ending December 1 rose 25 thousand to 1.661 million. 

Import prices fell 1.6%, compared to a 0.5% increase in October, and missing estimates of a 1% drop.