Palladium Price News: XPD/USD prints record top near $3,050 as Ukraine crisis propels commodities By anilpanchal7 Palladium RiskAppetite Commodities RussianFederation Ukraine
to the north amid the rush to risk-safety, mainly favored by the Ukraine-Russia tension.
During the weekend, the Russian invasion of Ukraine cities halted the previously agreed evacuation of Kyiv’s civilians and raise concerns over the further fight as the West extended support to Ukraine. However, the latest headlines from Interfax, suggesting a halt in the Russian fire and restoration of the human corridor, seem to have probed the XPD/USD bulls of late.
Even so, fears surrounding the US ban of Russia’s oil and the resulting supply crunch, as well as upside pressure on inflation, keep commodity prices on the front foot. It should be noted, however, that the increased odds of the Fed’s faster rate-hikes from March may test the commodity buyers due to the inverse relations with theAgainst this backdrop, the S&P 500 Futures and Asia-Pacific shares see the red while the US 10-year Treasury yields pare early Asian session losses around 1.70% at the latest.
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