Equities, Commodities Slump on Euro Debt

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.