Palladium tests $1,400, dollar gains ground

Economies.com
2019-01-17 14:44PM UTC

Palladium prices rose nearly two percent in American trade to record highs, while the dollar traded mostly flat off October 18 lows, following earlier data from the US, while a government shutdown is in its fourth week. 

 

As of 02:34 GMT, palladium rose 1.64% to $1,287.50 an ounce, marking record highs at $1,434.50, while the dollar index added 0.03% to 96.10, hovering near three-month lows. 

 

Earlier US data showed unemployment claims fell 3 thousand to a total of 213 thousand in the week ending January 12, while continuing claims for the week ending January 5 rose 18K to 1.737 million. 

 

The Philly Manufacturing Index rose to 17 from 9.4 in December, beating estimates of 9.7 easily. 

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