Precious Metals May Rise as Slowing U.S. Economy, Weaker Dollar Fuel Investor Demand

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.

For the complete market news, click here.