Palladium hits record highs, dollar off two-month high

Palladium prices surged one percent to record highs as the dollar index backed off August 20 highs, ahead of minor US industrial data later today. 

As of 01:52 GMT, palladium futures due in December rose 1.03% to $1,135.62 an ounce, while the dollar index shed 0.10% to 94.91 away from two-month highs. 

Now markets await the US Richmond manufacturing index for October, expected with a dip to 25 from 29 in September, while Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak about the economy and monetary policy at Louisiana State University, in Baton Rouge.