Precious Metals Move Higher, Palladium Top-Performer

FXStreet reported precious metals moved higher on Tuesday amid broadly lower US Dollar.

As quoted in the market news:

Market sentiment was also boosted by eased concerns over spreading eurzone crisis after Moody’s affirmed Spain’s rating. Meanwhile, global growth fears and hopes for further easing continued to provide support for the commodity group.

Palladium was the top-performer despite weak automobile sales in Europe. Car sales in Europe plummeted 11% in September.

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