12 October 2016

Commodity prices fell sharply on Tuesday, buckling under the pressure of sinking US stocks as well as a surging dollar. Among the precious metals, gold did not do that badly, losing only $6/ounce, while silver was down by $.20/ounce. However, platinum lost 1.5%, finishing at a six-month low, while palladium sank by almost 3% to a three-month low. Base metals also dipped, with the high-flying zinc sector losing substantial ground and leading the overall complex lower.