First Quantum offers voluntary retirement to Cobre Panama workers
The mine was shut down in November, hours after Panama's Supreme Court declared its contract unconstitutional.
Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.
The market news is quoted as saying,
Gold for August delivery fell 2.4 percent to $1,516.60 an ounce, the first drop in eight sessions, and palladium for immediate delivery declined 2.2 percent to $747.25 an ounce.