Platinum Market Flashing Mixed Signals

IBTimes reported the platinum price has suffered significant price declines in recent weeks, along with all other precious metals.

The market news is quoted as saying,

While platinum futures for October delivery were trading at $1,918 per ounce on the New York Comex at the end of August, the platinum price has fallen as low as $1,535 per ounce in the last two weeks. Although gold has also suffered severe pullbacks in recent weeks – which amounted to almost $400 per troy ounce – the industrial character of platinum, palladium and silver is stymming bullish developments in these markets.

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