Palladium is trading lower amid a rise in the US dollar.
Portfolio Pulse from Benzinga Newsdesk
Palladium prices are currently experiencing a decline due to an increase in the value of the US dollar.
April 26, 2024 | 7:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
PALL, an ETF that tracks palladium prices, is likely to see a decrease in value due to the drop in palladium prices.
PALL directly correlates with palladium prices. As the US dollar strengthens, commodities priced in dollars, like palladium, often decrease in value, negatively impacting PALL.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90