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Palladium falls for second session, dollar trades flat

Economies.com
2018-07-11 13:58 UTC

Palladium prices fell nearly one percent in American trade off June 21 highs, as the dollar index traded mostly flat, following earlier data from the US, the world's largest economy. 

 

As of 01:51 GMT, palladium prices fell 0.65% to $937.39 an ounce from the opening of $943.50, while the dollar index barely inched down 0.02% to 94.14 from the opening of 94.16. 

 

Earlier US data showed producer prices rose 0.3% in June, slowing down from 0.5% in May and beating estimates of 0.2%, while core prices rose 0.3%, same as before and also beating forecasts of 0.2%. 

 

Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to speak at the Virginia Society of Certified Public Accountants, while Federal Reserve Bank of New York President John Williams is due to speak about the local economy at a town hall event, in Brooklyn later today. 

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