Commodities

Palladium rises over 1% as dollar plumbs two-week lows

2018-10-11 15:13:55 GMT (Economies.com)

Palladium rose over one percent in American trade to September 28 highs, while the dollar index backed off August 20 highs, following earlier data from the US. 

 

As of 02:24 GMT, palladium rose 1.59% to $1,085.14 an ounce, marking two-week highs, while the dollar index shed 0.24% to 95.27, marking September 28 lows. 

 

Earlier US data showed consumer prices rose 0.1%, slowing down from 0.2%, while core prices rose 0.1%, also missing estimates of 0.2%. 

 

On a yearly basis, consumer prices rose 2.3%, slowing down from 2.7%, while core prices rose 2.2%, below expectations of 2.3%. 

 

Unemployment claims rose 7 thousand in the week ending October 6 to 214 thousand, while continuing claims rose 4K in the week ending September 29 to 1.660 million.

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