Palladium ETFs drop as metal's prices hit 4-month low

GT Resources

12/05/2022 16:17

** Palladium ETFs fall, tracking an up to 8.2% slide in
prices of the precious metal  XPD=  to their lowest since
January  GOL/ 
    ** Investors flock to the dollar, driven by bets that the
Fed will stick to aggressive rate hikes
    ** Abrdn Physical Palladium Shares ETF  PALL.P  drops 4.6%,
Sprott Physical Platinum and Palladium Trust  SPPP.P  tumbles
4.5%
    ** Abrdn Physical Precious Metals Basket Shares ETF  GLTR.P 
dips 1.7%
    ** Canada's Palladium One Mining Inc  PDM.V  down 2.6%
    ** Prices of other precious metals like gold, silver and
platinum also fall; gold producers track lower prices
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    ** Industrial metal miners also fall on dour demand outlook
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 (Reporting by Ruhi Soni in Bengaluru)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))