Palladium prices increased on Wednesday amid ongoing global economic uncertainty, bolstered by persistent weakness in the US dollar due to budgetary issues and trade disputes.
Yesterday, the Senate passed Trump's tax-and-spending megabill, returning it to the House, with projections indicating a $3.3 trillion addition to the national debt. Trump also expressed dissatisfaction with US-Japan trade negotiations, warning of a potential 35% tariff on Japanese imports.
Palladium added 4,56% at 11:25 am ET and sold for $1,137.72 per ounce. Gold was flat to sell for $3,339.39 per ounce at the same time, while silver was up by 0.64% and went for $65.98 per ounce. Platinum gained 4.32% to go for $1,410.38 per ounce a minute later.
