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March 28 (Reuters) – Palladium fell again on Thursday, a day after the metal recorded its largest drop in more than two years in technical sales and profit reservations.
The price of gold, meanwhile, has risen slightly, while a reversal of the yield curve of the US Treasury has fanned fears of an economic slowdown.
FUNDAMENTALS
* Spot palladium fell 0.2% to $ 1,441.49 an ounce at 13:35 GMT, after reaching its lowest level since February 18 at $ 1,436 earlier in the session.
* Metal fell 6.3% on Wednesday, its biggest drop in a day since January 2017. It hit a record $ 1,620.52 last week and has risen about 14% since the start of the year.
* Spot gold was up 0.1% to $ 1,310.48 an ounce.
* The gold futures in the United States were down 0.1% to $ 1,308.50 an ounce.
* At the FT Commodities global summit in Lausanne, Switzerland, Anglo American chief executive Mark Cutifani said palladium, which hit a record high this month, was a "bubble."
* Asian equity markets were painted red on Thursday as concerns over the recession led to lower bond yields around the world, overshadowing the central bank's attempts to calm its nerves.
* The US economy is facing "noticeable" risks and the Fed may take a wait and see approach to monetary policy, said Esther Esther George, president of the Kansas City Federal Reserve on Wednesday.
* British Prime Minister Theresa May failed on Wednesday to convince opponents of her divorce from the European Union to suspend her divorce agreement, but Parliament's offer to accept an alternative failed, leaving the process Brexit still blocked.
* China's industrial enterprises recorded their worst fall in profits since the end of 2011 in the first two months of this year, according to data released Wednesday, as rising tensions over the economy face slowing domestic and foreign demand weighed on companies.
On Wednesday, euro-zone money markets sharply reduced their expectations for a rate hike by the European Central Bank in 2020, after the latest signals from ECB officials suggested they were not in a hurry to tighten their monetary policy.
* The South African company Sibanye-Stillwater will study the possibility of modifying its main list in order to access more capital, while exploring the growth opportunities out of its national market, said Wednesday the managing director, Neal Froneman. (Report by Eileen Soreng and Swati Verma in Bengaluru, edited by Subhranshu Sahu)
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