Palladium Drops Most in 4 Months

Bloomberg reported that palladium futures slumped 3.9%, the lowest in four months, due to the fight over Cyprus bank tax.

As quoted in the market news:

On the New York Mercantile Exchange, palladium futures for June delivery slumped 3.9 percent to $735.20 an ounce, the biggest drop since Oct. 23.

Click here to read the full Bloomberg report.