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Palladium falls on rising dollar
Palladium prices fell on Tuesday, as the US dollar rose against most majors, amid renewed concerns about the Chinese demand.
The Chinese central bank in an attempt to support the slowing growth decided to lower the amount of funds banks need to hold in reserve, and to extend the term of June's new loans of 2.12 trillion yuan ($327 billion) from 1.5 trillion yuan in May.
While the Chinese GDP reading for the second quarter and the industrial production data will be released later this week.
The dollar index rose against a basket of major currencies by 0.4% to 92.6 points as of 13:32 GMT, after hitting a high of 92.7 points and a low of 92.1 points.
Palladium September futures fell 0.5% to $2,844 an ounce as of 13:35 GMT.
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