Thu, 30 Aug 2012 08:10:11 GMT
Palladium fell as supply concerns eased
Precious metals dropped on Wednesday amid upbeat US data releases. US GDP expanded by 1.7% in Q2 compared to initial reading of 1.5% while pending home sales advanced 2.4% in July, better than forecast of a 1.1% increase. Positive data weighted down on hopes for easing in the US, pushing the commodity group lower.
Gold slumped as expectation for QE3 in