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Precious Metals May Rise as Slowing U.S. Economy, Weaker Dollar Fuel Investor Demand
Jun. 07, 2011 09:02AM PST
Precious Metals InvestingBloomberg reports palladium climbed in New York as concern about Europe’s debt crisis, signs that the U.S. economy is slowing and a weakening dollar spurs demand for metals.
Bloomberg reports palladium climbed in New York as concern about Europe’s debt crisis, signs that the U.S. economy is slowing and a weakening dollar spurs demand for metals.
The market news is quoted as saying,
Silver for July delivery rose 1.4 percent to $37.285 an ounce in New York. Palladium for September delivery climbed as much as 1.6 percent to a three-month high of $811.80 an ounce and was last at $806. Platinum for July delivery was 0.1 percent higher at $1,823.40 an ounce.