Precious Metals Tumble, Palladium Buck the Trend

Reuters reported precious metals fell today after signs that euro zone leaders are committed to keeping Greece.

The market news is quoted as saying,

BNP Paribas raised its silver and platinum forecasts and cut its palladium price view for this year and next. It said while higher gold prices were likely to benefit silver and platinum, palladium, the most industrial of the major precious metals, was vulnerable.

“Palladium is the only precious metal to have fallen in price in the year to date. Its fundamentals have steadily deteriorated during the year,” it said.

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