Platinum Down on Strong US Economic Data, Ignores Gov’t Spending Cuts

Precious Metals

Reuters reported that platinum fell Friday on strong economic data and in spite of the upcoming spending cuts by the US government.

Reuters reported that platinum fell Friday on strong economic data and in spite of the upcoming spending cuts by the US government.

As quoted in the market news:

Platinum fell 0.6 percent to $1,569.99 an ounce, palladium dropped 0.8 percent to $720.47 an ounce.

Click here to read the full Reuters report.