Palladium loses ground as dollar climbs off three-week trough

Palladium prices fell in American trade off recent record highs for the fourth session out of eight, as the dollar index rose from November 7 lows for the fourth session out of six, following earlier housing and consumer sentiment data from the US today. 

As of 02:58 GMT, palladium shed 0.16% to $1,143.94 an ounce away from recent record highs, while the dollar index rose 0.17% to 97.24 off three-week lows. 

An index tracking US house prices rose 0.2% in September, slowing down from 0.4% in August, while the S&P House Price Index rose 5.1% y/y, slowing down as well from 5.5% in August and missing expectations of 5.3%. 

An index tracking US consumer confidence fell to 135.7 in November from 137.9 in October, missing estimates of 136.2.