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Industrial Metals Suffer On Fears European Debt Crisis ‘Morphing’ Into Economic Weakness
Oct. 20, 2011 02:08PM PST
Precious MetalsForbes reported industrial metals continue to take a beating as traders factor in a scenario where Europe’s debt crisis is leading to economic weakness.
Forbes reported industrial metals continue to take a beating as traders factor in a scenario where Europe’s debt crisis is leading to economic weakness.
As quoted in the market news,
Industrial metals across the board–including base metals like copper and aluminum and precious metals such as platinum and palladium–were all on the defensive Thursday and are generally well down from where they stood in late August and early September.