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FXStreet reported palladium turned bullish on Monday on short covers ahead of the U.S. presidential election.
FXStreet reported palladium turned bullish on Monday on short covers ahead of the U.S. presidential election.
As quoted in the market news:
Precious metals apart from platinum were bullish on Monday ahead of the US presidential elections due on Tuesday. Meanwhile, investors were also cautious as Greece parliament is preparing to vote on fresh austerity measures on Wednesday.
Palladium soared on short covering. At the same time, strength in the US Dollar capped gains.
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