Waiting Fed Comments, Palladium Slips 0.4 Percent

Reuters reported palladium and other precious metals slipped on Wednesday as investors wait for comments from the Fed on Wednesday.

As quoted in the market news:

Investors awaited the outcome on Wednesday of a two-day FOMC meeting in Washington. While the Fed is not expected to add to last month’s stimulus pledge, its comments will be closely watched for clues on policy direction.

Among other precious metals, silver inched down 0.1 percent at $31.64 an ounce, platinum slipped 1.1 percent to $1,551.75 an ounce, while palladium also fell 0.4 percent to $589 an ounce.

Click here to read the full Reuters report.