country flagالعربية
0

Palladium reaches 1600 dollar an ounce for the first time

2019-03-19 10:20 am | Resource: News | No Views : 159



 Palladium surpassed other precious metals on Tuesday, rising 1.43% at 9:58 am, reaching a record high of $ 1601.36 an ounce.

The most valuable among the four, gold has exceeded in 2018 against the backdrop of strong demand in the automotive industry. Production has been exceeded for seven consecutive years, with no sign of decline. Palladium is most commonly used in the manufacture of catalytic converters for hybrid gas systems. Russia, the largest supplier, said last week it was considering a six-month export ban on scrap metal.

Wall Street rallied ahead of Fed meeting

 US equity markets posted gains in Tuesday's trading ahead of the market ahead of the Fed's two-day monetary policy meeting, which began later in the day. The central bank is widely expected to maintain key interest rates and adopt a more cautious tone, suggesting little or no monetary tightening at the end of 2019.

On the data front, US factory orders will be issued today, while FedEx is set to report its quarterly earnings report.
  • The Dow Jones was up 0.38% in futures trading.
  • While the Nasdaq 100 rose 0.34% at the same time.
  • At the same time, the Standard & Poor's 500 index was up 0.36% in the positive territory before the opening bell.

The euro rose 0.14% against the dollar to sell against 1.1352 at 11:30 pm CET.

The US Federal Reserve is scheduled to publish an update on monetary policy and economic expectations. Markets have identified a moderate opportunity to cut interest rates this year, which can support spending and consumer prices. Precious metals are the most traditional shield against inflation.
 
  • Gold was below its previous high of $ 1307.93, the strongest since March 14, and traded 0.18% in the Green Zone at $ 1305.84 an ounce.
  • Silver rose just 0.2% to $ 15.38.
  • Platinum palladium platinum rose 0.57% to $ 841.04 an ounce immediately after rising to $ 841.27, the level last seen five days ago.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.