Bullish sentiment helps propel the Palladium future to 0.38% gain

Yesterday at a glance: after ending Thursday at $1,415.6, Palladium went up to $1,451 only to drop back, yet still traded well overall and closed at $1,421 per troy ounce yesterday.

Nevertheless, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

This rally in CME Palladium's price coincides with other Metals as Copper is trading around $3.67 after ending yesterday's session at $3.59 (up 2.33% today). Silver went up by 2.34% yesterday, and closed at $23.45.

Palladium is now trading 39% below the significant high of $2,321.2 it set around 7 months ago.