Speculation about good news coming from the US/China trade negotiations is weighing on the dollar, which is beneficial to dollar-denominated commodities like palladium.
“The dollar index, which measures the greenback against a basket of six major currencies, slid to its lowest level since October after the Federal Reserve expressed caution about future rate hikes and on optimism around the U.S.-China trade talks,” reports Reuters.
For more information on the palladium markets, visit our palladium category.