Weekly Fundamentals - Tale of Two Metals: Gold Slumped while Palladium Soared to 3-Year High

Gold and silver slumped more than -3% last week. The decline will likely continue as the US economic growth picks up further and the Fed continues to taper QE as scheduled. Besides the Fed tapering and rising expectations of tightening, ECB's expected easing in June also pressured gold.

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Weekly Fundamentals - Tale of Two Metals: Gold Slumped while Palladium Soared to 3-Year High