Palladium settles above $1,400 mark

Economies.com
2019-04-22 13:54PM UTC

Palladium prices stabilized during Monday's trading after a number of international markets returned to work from the Good Friday holiday. As the industrial metal remained above the $1400 barrier, to resume its positive tone of trading.

 

It is still expected that car companies will continue to demand palladium to incorporate in vehicle parts to reduce their toxic emissions, due to the tightening of carbon emission standards to combat air pollution and climate change.

 

Whilst, Russia's ban on palladium exports will take effect from May to October.

 

At 13:41 GMT, the dollar index (against a number of major currencies) stabilized at 97.3 points, reaching a high of 97.7 points and a low of 97.3 points.

 

In terms of trading, by 13:41 GMT, palladium futures (June delivery) rose by 0.2% to $1401.5 an ounce, with a high of $1417.2 and a low of $1397.5.

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