Nymex Palladium Futures Slide on Risk Aversion

Commodity Online reports Nymex palladium is softer as the metals moves in the opposite direction from gold.

The market news is quoted as saying,

There are even some market worries that the U.S. could experience a double-dip recession, and if so, this is likely to hurt industrial commodities, he says. On the same day that gold hit fresh record highs, Nymex September palladium was $17.90 lower at $809 an ounce as of 10:11 a.m. EDT.

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