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Precious Metals: Strong Dollar Pummels Commodities
Sep. 22, 2011 02:38PM PST
Precious Metals InvestingReuters reported precious metals plummeted after the Federal Reserve’s move to boost U.S. growth lifted the dollar, which battered commodities.
Reuters reported precious metals plummeted after the Federal Reserve’s move to boost U.S. growth lifted the dollar, which battered commodities.
The market news is quoted as saying,
Adding to the pressure was a key gauge of Chinese manufacturing that showed a third consecutive month of contraction, which sent palladium to its lowest in 10 months.