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Platinum, Precious Metals Head Toward Bear Market as Investors Reduce Holdings
Apr. 04, 2013 05:11PM PST
Precious Metals InvestingBloomberg reported that platinum futures for July delivery declined 1.6% as the global economy continue to improve, cutting the demand for haven assets.
Bloomberg reported that platinum futures for July delivery declined 1.6% as the global economy continue to improve, cutting the demand for haven assets.
As quoted in the market news:
Platinum futures for July delivery dropped 1.6 percent to $1,517.80 an ounce on the Nymex. Earlier, prices dropped to $1,511.10, the lowest since Aug. 31.