Platinum Price Hits Lowest in 6-year

Mineweb reported that Platinum price hit its lowest in six years this week, with only the platinum-based ETFs providing some upside potential.

As quoted in the market news,

The spot price hit its lowest since May 2009 at $1,077 per ounce on Tuesday and remains close to that level at $1,080 – it has fallen 10 percent since the start of the year.

The metal was more than $100 cheaper than gold for a while – the last time this happened was in January 2013, Commerzbank noted.

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