Precious Metals Decline in London as SNB Franc Ceiling Prompts Selling

Bloomberg reports precious metals fell in London as some investors sold metal to cover losses in the Swiss franc.

The market news is quoted as saying,

Silver for immediate delivery fell 1.9 percent to $42.125 an ounce. Platinum was down 1.5 percent at $1,860 an ounce, set for a second daily close below gold. An ounce of platinum bought 1.19 ounces of gold on average this year, data compiled by Bloomberg show. Palladium fell 1.6 percent to $752 an ounce.

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