Palladium recovers from past sessions losses

Palladium prices rose during today's trading, to recover partially from the losses recorded in the past sessions, as the metal received support as a safe haven with the US Administration's tariffs decision entering into effect.

US President Donald Trump's decision to increase US tariffs from 10% to 25% on Chinese goods worth $200 billion, have entered into force starting from today.

President Trump stressed that talks and negotiations are underway with the Chinese side, but there is no need to rush.

The dollar index (against a number of major currencies) fell by 0.2% to 97.2 points as of 14:29 GMT, reaching a high of 97.4 points and a low of 97.1 points.

In terms of trading, by 14:40 GMT, Palladium future (June delivery) rose by 3.7% to $1331.2 an ounce, and recorded a high of $1335.1 and a low of $1285.3.