Tags: US | Commodities | Review

Platinum, Palladium Lead Retreat in Metals

Wednesday, 19 May 2010 04:03 PM

Palladium and platinum prices are falling sharply as traders pull out of the highly volatile contracts to raise cash as new trading curbs went into effect in Europe.

Palladium is down 9 percent and platinum 5 percent after Germany introduced strict restrictions on certain kinds of bearish bets on European debt and stocks.

Investors who have to exit those positions felt they could raise the money to cover those positions by selling palladium and platinum contracts.

Analysts say the sell-off is likely to be short-lived because the fundamentals behind the precious metals haven't changed meaningfully.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
1Like our page
2Share
Markets
Palladium and platinum prices are falling sharply as traders pull out of the highly volatile contracts to raise cash as new trading curbs went into effect in Europe.Palladium is down 9 percent and platinum 5 percent after Germany introduced strict restrictions on certain...
US,Commodities,Review
95
2010-03-19
Wednesday, 19 May 2010 04:03 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved