Palladium prices rose about two percent in American trade off July 26, 2017 lows, as the dollar index backed off one-year highs, ahead of US housing data today.
As of 01:27 GMT, palladium prices rose 1.91% to $932.75 an ounce from the opening of $915.27, marking July 17 highs, while the dollar index shed 0.25% to 94.38 from the opening of 94.61.
Now markets await US new home sales data, expected to have fallen 2.9% in June to an annualized 669 thousand units, compared to a 6.7% rise in May to 689 thousand units in May.
US President Donald Trump recently threatened a tax on European cars, which utilize palladium heavily, in turn hurting the commodity's prices after marking record highs in January $1,139.62 an ounce, plunging thereafter to year lows at $861.61 on global trade concerns and dollar's recent strength.