Are Palladium Prices Set to Recover?

Alexander Gorodezky of Economic Calendar recently made the case for palladium prices moving into recovery mode.
As quoted in the publication:

Prices increased from $467/oz to $515/oz at present. Palladium prices are likely to rise more in the coming days as it has an inverse relationship with the U.S. dollar, equity markets, and the overall global economic environment. The U.S. dollar index has been declining over the last thirty days and the latest economic indicators are not supportive for the U.S. dollar.

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