Spot palladium has just surpassed the $1400.00/oz mark, now quoted at $1400.23/oz, up 3.49% on the day; Nymex palladium futures main contract is now at $1421.00/oz, up 4.82% on the day.

Key takeaways from the Federal Reserve's annual Jackson Hole meeting are as follows: Fed Chair Walsh emphasized in his keynote speech that curbing inflation is a core responsibility of central banks. During the meeting intervals, Eurozone policymakers issued warnings about inflation risks, with some officials suggesting that a rate hike may be necessary in September. Bank of England Governor Bailey stated that at present there is no urgency to raise interest rates, noting that the second-round

According to sources, Glencore has made a provision of approximately $480 million for its exposure to Radiant World. Radiant World is an iron ore trader currently under pressure for allegedly providing false documents to banks. Sources said this provision in effect covers Glencore’s entire outstanding net exposure to Radiant World.

Tomorrow Is a Big Day for Bitcoin: A Major Change Is Coming

The six-month conflict between the US and Iran has had multiple impacts; the IMF expects global inflation to rise to 4.7% by 2026.