Palladium rises above the $1,900 mark

Palladium prices rose on Tuesday, as concerns about central banks' monetary policies receded, and the US dollar's pressure eased on commodities and metals, such as palladium, which breached the $1,900 barrier.

Concerns mounted in most global markets after the release of the Federal Reserve meeting minutes, which showed hints of a sooner-than-expected interest rate hike.

This resulted in a jump in the US dollar and US Treasury yields, as safe havens from taking risks in assets such as stocks and industrial metals.

Coronavirus cases are surging in many countries around the world, as France reported more than 350,000 new cases in a single day.

The dollar index held against a basket of major currencies at 95.9 points as of 14:32 GMT, after hitting a high of 96.02 points and a low of 95.7 points.

Palladium March futures rose 0.2% to $1,913.5 an ounce as of 14:33 GMT.