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May 10, 2023
CME Palladium gains 2.23%, putting it at the top of this list of commodities gainers.
Markets don't have a clear cut direction — Natural Gas trades at $2.2 after losing 3.09%. Corn is relatively flat, trades at $586.75.
Current market events are being influenced by ambiguous macro data as United States Consumer Price Index released today at 12:30 UTC with a figure of 4.9%, while the previous figure was 5%.
CME Platinum | +0.69% in mid-session
Platinum now trading 15.72% above its 3-month low of $805.5.
After 24 days of declines, Cocoa is up $22 today
Heading in the same direction for now — after closing the previous trading day at $2,999, CME Cocoa is up to $3,021 per metric tonne, which makes for a move of 0.73%/$22 today.
+2.23%: commodity traders stay bullish as CME Palladium adds $35.3 or 2.23%
This session seems to remain in the same lane for now — the Palladium future goes up to $1,615 per troy ounce after dipping down to $1,561 earlier.
