Palladium Falls Further on Technical Sell-Off, Gold Firms
Thursday, 28 March 2019 09:49 WIB | PRECIOUS METALS |GOLDEMAS Spot EmasPalladium

Palladium fell further on Thursday, a day after the metal posted its biggest drop in more than two years on technical selling and profit-booking.

Gold prices, meanwhile, edged higher as an inversion in the U.S. Treasury yield curve fanned fears of an economic slowdown.

Spot palladium was down 0.2 percent at $1,441.49 per ounce at 13:35 GMT, after hitting its lowest since Feb. 18 at $1,436 earlier in the session.

The metal fell 6.3 percent on Wednesday, its biggest one-day percentage decline since January 2017. It hit a record peak of $1,620.52 last week, and has gained about 14 percent so far this year.

Spot gold was 0.1 percent higher at $1,310.48 per ounce.

U.S. gold futures were down 0.1 percent at $1,308.50 an ounce.

Source : CNBC

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