Palladium Slides on Weak Demand for Cars in EU

Apr. 17, 2013 03:56PM PST

Reuters reported that palladium declined 2.7% on news that the demand for new vehicles in the European Union continues to weaken.

As quoted in the market news:

Among other precious metals, platinum and palladium fell on news that demand for new cars in the European Union declined for the 18th consecutive month in March, down 10.2 percent to 1.3 million.
Spot platinum fell 1 percent to $1,428.49 an ounce, having touched its lowest since last August in the previous session. Palladium was down 2.7 percent to $658.97.

Click here to read the full Reuters report.