Metals traders focused on the Palladium future as it powers 0.38% higher

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, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in CME Palladium's price coincides with other Metals as notably, Copper rose 2.33% yesterday and closed at $3.59. Silver went up by 2.34% yesterday, and closed at $23.45.

7 months ago CME Palladium reached a significant high of $2,321.2 but has consequently lost 39% since then.