UPDATE 1-NY precious metals fall on fears of China slowdown

Newswire

(Adds closing prices, new quotes) By Alden Bentley NEW YORK, April 28 (Reuters) - New York precious metals prices plunged on Wednesday after Chinese Premier Wen Jiabao said China needs to put the brakes on its booming economy, which has fueled the first commodities bull market since the 1970s. "That seems to be behind just about everything, the fact they are trying to curb credit," said James Pogoda, a vice president of precious metals at Mitsubishi International Corp. "Demand out of ...

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