Precious Metals: Strong Dollar Pummels 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.

For the complete market news, click here.