Palladium slips from record highs, dollar tapers off

Economies.com
2018-11-19 14:48PM UTC

Palladium prices fell nearly one percent in American trade away from record highs, while the dollar index backed off January 2017 highs for the fourth session out of six, ahead of US housing data. 

 

As of 02:45 GMT, palladium futures due in December fell 0.69% to $1,168.94 an ounce away from record highs, while the dollar index slipped 0.12% to 96.35 away from early 2017 highs. 

 

Now investors await US data, with an index tracking housing prices estimated with a slip in November to 67 from 68, in addition to housing starts and building permits data for October. 

 

Federal Reserve Bank of New York President John Williams will speak at the New York City Hispanic Chamber of Commerce, later today. 

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