Platinum Prices Fall to 6-1/2 Year Low

Platinum prices hit their lowest in six and a half years on Tuesday, Reuters reported.
As quoted in the publication:

European stocks fell nearly 3%, indicating increased risk aversion among investors, while oil prices slid more than 2% and industrial metals like copper and tin fell.
Platinum, which is chiefly used as a component in autocatalysts, has been hurt by the stronger dollar, weakness in stock markets, and growth worries related to China, Saxo Bank’s head of commodity strategy Ole Hansen said.

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