Platinum, Precious Metals Head Toward Bear Market as Investors Reduce Holdings

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.

Click here to read the full Bloomberg report.