Eurozone Worries Persist as Spot Palladium Drops Slightly

The Sydney Morning Herald reported that spot palladium prices saw a slight decline of 0.3 percent, hitting US$659.97 per ounce, as Eurozone finance ministers and the International Monetary Fund made their third attempt in three weeks at deciding whether to release emergency aid for Greece.

As quoted in the market news:

“A failure to strike a deal in the coming days could trigger a Greek default, raising again the question of a Greek exit (from the euro zone) and potentially seriously endangering the resolution of the euro area crisis,” Barclays strategists said in a note. … Spot platinum was down 0.4 per cent at $US1,609 an ounce, while spot palladium edged down 0.3 per cent at $US659.97 an ounce.

Click here to read the full report from The Sydney Morning Herald.