Platinum Falls from 17-Week High on EU Concerns

Bloomberg reported that after a fantastic performance for almost 4 months, platinum has dropped as much as 0.5% on renewed concerns about Europe’s debt crisis.

As quoted in the market news:

Platinum for immediate delivery fell as much as 0.5 percent to $1,689.25 an ounce and was at $1,694.12 by 2:39 p.m. in Singapore. The price reached $1,707.87 yesterday, the highest since Oct. 9, on expectations that demand will pick up even as supply drops on production cutbacks.

Click here to read the full Bloomberg report.

Get the Latest Platinum Investing Stock Information

Get the latest information about companies associated with Platinum Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply