Palladium fell on global growth fears

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Source: Dukascopy Bank SA
Precious metals extended previous losses on Wednesday, being pressured by broadly stronger US Dollar and unfruitful talks between the EU leaders.

Gold dropped after US reported inspiring US home sales data that faded hopes for more easing measures from the Fed.

Silver fell as weak global equities and persistent turmoil in the Euro Zone continued to push the white metal down.

Platinum continued to balance between increased supplies of Jubilee Platinum and output concerns caused by halt of Rustenburg's mine production.

Palladium followed the downward trend of industry metals as global risk-aversion grows amid endless Euro Zone's crisis and cooling growth in China.
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Thu, 24 May 2012 17:37:48 GMT

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