Platinum Falls Lowest in 6 Weeks on Europe’s Struggle to Recover

Bloomberg reported that platinum futures for April delivery went down 1.6%, reaching its lowest level in 6 weeks, on signs that Europe is still struggling to recover from an economic crisis.

As quoted in the market news:

Slowdown in Europe and yesterday’s negative news from the Fed are pushing platinum lower,” Phil Streible, a senior commodity broker at R.J. O’Brien & Associates, said in a telephone interview.

Click here to read the full Bloomberg report.