Palladium rises 1.5% heading towards $1,400

Palladium prices rose during today's session, in conjunction with the negative stability of the dollar against most major currencies following the US jobs report.

As of 13:59 GMT, the dollar index stabilized (against a number of major currencies) at 97.8 points with a record high of 98.1 points, with a low of 97.7 points.

The US Government released Ministry of Labor data today, the US economy added 263,000 jobs in April, while the unemployment rate fell to 3.6%, which the lowest level since 1969.

Analysts had expected an addition of 181,000 jobs last month and that the unemployment rate would stabilize at 3.8%.

In terms of trading, as of 14:02 GMT, palladium futures (June delivery) rose by 1.7% to $1,366.2 an ounce, with a high of $1,369 and a low of $1,335.2.