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May 10, 2023
During a 6 day uptrend, Palladium gained a total of $162.2, or 10.44%. Now turning against its recent performance, Palladium is down to $1,565.5 per troy ounce, after ending yesterday at $1,579.7. Overall, a 0.9% loss or $14.2 today.
United States Core Consumer Prices is next today at 12:30 UTC.
Meanwhile, United States API Weekly Crude Oil Stock came out at 3.62 million, while a consensus of analysts was expecting -1.6 million. United States 3-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.695, while the previous figure was 3.81.
Taking a look at other Metals commodities, negative performances are evident as Gold is trading around $2,038 (down $5).
Some optimism can drawn from the fact that United States Producer Price Index is projected to outperform its last figure with 0.3%. It previously stood at -0.5%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -917,000, having previously been at -1.28 million. The figure will be published today at 14:30 UTC.
Furthermore, United States Consumer Price Index is expected today at 12:30 UTC.
2 months ago, the Palladium future fell to a low of $1,346.4 but has since recovered 17.33%.
