Palladium falls amid car sales concerns

Palladium prices fell during today's trading despite the dollar's drop against most major currencies, but the metal fell under pressure associated with car sales.

Ford and Tesla announced lower sales of cars during the second quarter, which affect demand for metals used in the automotive industry, including palladium.

Palladium is used in the automotive industry, which reduces toxic emissions, and has become increasingly needed as governments and states tighten pollution, fuel and electric vehicle standards.

The dollar index (against most major currencies) fell by 0.1 percent to 97.5 points at 14:34 GMT, reaching a high of 97.9 points and a low of 97.5 points.

In terms of trading, at 14:35 GMT, palladium futures for September delivery, fell by 0.3 percent at $1533.7 per ounce, hitting a high of $1544.9 and a low of $1525.3.