Federal Reserve Move Hits Commodities Hard
IBTimes reported global equities were pummeled and commodities fell after the Federal Reserve's move to boost U.S. growth lifted the dollar.
Articles Tagged "US dollar"
Precious Metals Drop in New York as Investors Sell to Cover Stock Losses on Europe
Bloomberg reported precious metals dropped on a stronger US dollar as stocks fell across Europe on concerns the economy is worsening.
Australian Dollar Gains on Commodities
The Street reports that the Australian dollar was surpassing the U.S. dollar and more than two dozen other currencies as commodities climbed higher today.
Palladium spot prices rise on NYMEX
Palladium and other precious metals commonly used in industrial applications, such as platinum and silver, showed small improvements today, although the strength of the US dollar has been affecting their market values in the recent past.
Palladium Falls as US Dollar Rises
Palladium and platinum values have tumbled on world markets as auto sales continue to stall, and the proposed 700 billion dollar bailout by Congress may or not be reconfigured to pass into law.
