Palladium surges 3% as dollar dips and risk appetite improves

Economies.com
2022-12-23 16:51PM UTC

Palladium prices rose on Friday as the dollar lost ground against a basket of major rivals while risk appetite improved on prospects of improved demand on commodities. 

 

Earlier data showed US GDP grew 3.2% in the third quarter of the year, while analysts expected 2.9%. 

 

Palladium and copper are both important indicators for the health of the global economy, as they're used in many industries. 

 

The dollar index fell 0.1% to 104.4 as of 16:00 GMT, with a session-high at 104.5, and a low at 104.1. 

 

Palladium futures due in March rose 3.5% to $1,731.5 an ounce as of 16:01 GMT.

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