Palladium Slumps Toward Bear Market as Recovering Economy Cuts Demand for Haven Assets

Apr. 04, 2013 05:10PM PST

Bloomberg reported that palladium futures for June delivery fell the most since October 23 as the global economic recovery has discouraged asset buying.

As quoted in the market news:

On the New York Mercantile Exchange, palladium futures for June delivery retreated 4 percent to $725.45 an ounce, the biggest loss since Oct. 23. Trading was 73 percent higher than the 100-day average.

Click here to read the full Bloomberg report.