Thu, 29 Nov 2012 09:00:59 GMT
Palladium gains on deficit forecasts
Precious metals except for palladium declined amid lingering concerns over the US fiscal cliff and lack of details about recently agreed Greek bailout plan. Moreover, expiration of December contract that expired on Wednesday also added to losses of the commodity group. However, slightly weaker US Dollar prevented further decline in precious metals prices.Gold slumped on heavy selling volume ahead of