Palladium Declines on Concern Fed May Tighten Monetary Policy, Curbing Demand

Bloomberg reports that palladium declined in New York on speculation the Federal Reserve will tighten monetary policy, curbing demand for the metal as an alternative investment.

The market news is quoted as saying,

Palladium for June delivery was up 0.5 percent at $771.80 an ounce, and fell 4.4 percent last quarter. Platinum for July delivery declined 0.5 percent to $1,774.40 an ounce, after gaining 0.3 percent last quarter.

For the complete market news, click here.