Palladium and platinum continue to plummet, Palladium down nearly 18 percent in 2 days

Palladium, platinum plunge on fresh euro worries

NEW YORK — Palladium and platinum are plummeting again as investors barrel out of risky investments and seek the relative safety of the dollar and U.S. Treasurys.

Palladium has fallen nearly 18 percent in the past two days on fresh fears that Europe won’t be able to contain its debt problems.

European debt concerns are leading investors to pull out of risky investments like commodities and stocks. The Dow Jones industrials are down more than 2 percent.

Palladium and platinum have been hit especially hard because they are not only among the most volatile commodities, they are also closely tied to the health of the global economy.