Metals Prices Fall On Economic Worries

The Street reported metals prices fell Wednesday on worries that economic growth could slow because of Europe’s debt problems.

As quoted in the market news:

Prices for industrial metals are closely tied to economic growth. Metals like copper and palladium are used as raw materials to make everything from automobiles to home computers. Worries about an economic slowdown grew Wednesday when an auction of German debt didn’t draw enough bids to sell all of the 10-year notes being offered.

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