Greenback’s gain triggers precious metals sell-off

Platinum Investing News reports platinum price slipped down to 8.8 per cent from $871.50 an ounce late on Friday.

Platinum is trading at its lowest price relative to gold in about 11 years.

Moving forward, there is some optimism that with everyone cutting their output and work force, shrinking supply may rebound prices. Poor economic conditions for platinum were cemented by weak auto sales data coming out of Asia and Europe. The metal dived as figures from Japan, South Korea and Europe showed another plunge in car sales in November.