Palladium rises as demand for metals returns

Palladium rose during today's trading as investors returned to buy metals, especially precious metals, amid the continuing anticipation of the outcome of the trade negotiations between the United States and China, in addition to the anticipation of important events this week.

The US Department of Labor announced that the economy added 196,000 jobs in March and stabilized the unemployment rate.

Investors are also anticipating a tangible results from the US-China trade negotiations, in which the two sides haven't yet reached a final trade deal, as well as details of the upcoming summit between the two heads of state, which haven't not yet disclosed.

On the other hand, by 14:09 GMT, the dollar index (against a number of major currencies) fell by 0.4% to 97 points, reaching a high of 97.4 points and a low of 96.9 points.

This week, the Federal Committee March 19-20 meeting minutes will be reveal, in which the feds kept the interest rates unchanged.

In terms of trading, by 14:11 GMT, palladium futures (June delivery) rose by 0.3% to $1350.2 an ounce, with a high of $1364.3 and a low of $1335.2.