Palladium Prices Pounded Down By More Than $85.00 On Technical Selling
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(Kitco News) - Palladium futures prices are getting smacked hard Monday, with June futures down more than $85.00 an ounce. No fresh fundamental news could be found to explain the steep downdraft, which is most likely chart-based selling pressure that included sell stop orders being triggered when prices dropped below key support at the $1,400.00 level. June palladium futures were last down $83.70 an ounce at $1,362.30.