Palladium Plunge on Concerns Over Global Recovery

Bloomberg reports palladium and platinum fell today as amid concerns that the global economic recovery may stall.

The market news is quoted as saying,

Platinum for immediate delivery fell $58.30, or 3.3 percent, to $1,722.70 an ounce by 5:52 p.m. in London, after dropping as much as 3.8 percent, the most since May 5. Palladium plunged $48, or 6 percent, to $747.50 an ounce, and earlier fell as much as 6.5 percent, the most since March 15. The metals, used in autocatalysts, were down 2.8 percent and 6.7 percent since the start of the year, respectively.

For the complete market news, click here.