Palladium hits record highs, dollar off early 2017 peak

Palladium prices rose two percent in American trade to record highs, while the dollar index backed off January 2017 highs, following earlier industrial data from the US. 

As of 01:58 GMT, palladium futures due in December rose 1.79% to $1,178.74 an ounce, marking record highs, while the dollar index shed 0.48% to 96.46 away from early 217 highs. 

Earlier US data showed industrial production rose 0.1% in October, slowing down from 0.2% and missing estimates of 0.2% as well. 

The Capacity Utilization Rate fell to 78.4% in October from 78.5%, still edging estimates of 78.3%.