Palladium Falls on US Ratings Credit Cut

Bloomberg reports that palladium fell as gold rose on news that the US credit rating has been downgraded to AA+.

The market news is quoted as saying,

Palladium for immediate delivery dropped 0.6 percent to $739 an ounce after falling as much as 3.8 percent. Platinum gained $11.50, or 0.7 percent, to $1,729.75 an ounce.

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