Bullish
Palladium prices rise to $1,350/oz amid weaker US dollar and increased demand.
Over the past 24 hours, palladium futures have climbed to approximately $1,350 per ounce, reaching a one-week high. This uptick is primarily driven by a weaker US dollar and renewed demand for precious metals. The US Treasury's unexpected increase in long-dated debt buybacks has contributed to the dollar's decline, easing yield pressures and bolstering non-yielding assets like palladium.
Key points
- Palladium futures rise to $1,350/oz, a one-week high.
- Weaker US dollar supports palladium prices.
- US Treasury increases long-dated debt buybacks.
Sources
AI-generated from public news sources. Not financial advice.
