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Equities, Commodities Slump on Euro Debt

Investing News Network
Nov. 17, 2011 02:24PM PST
Precious Metals Investing

Bloomberg reported precious metals dropped drastically today after Fitch Rating said U.S. banks face a “serious risk” from Europe’s debt woes.

Bloomberg reported precious metals dropped drastically today after Fitch Rating said U.S. banks face a “serious risk” from Europe’s debt woes.

As quoted in the market news:

On the New York Mercantile Exchange, palladium futures for December delivery retreated 7.8 percent to $603.70 an ounce, the most since May 2010.

Click here to read the full Bloomberg report.

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