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    market news

    Platinum Sinks to One-month Low

    Charlotte McLeod
    Nov. 25, 2013 12:00PM PST
    Precious Metals

    The Financial Times reported that platinum prices have sunk to a one-month low, pulled down by gold, which has fallen as a result of “easing political tensions after the deal with Iran” regarding its nuclear program.

    The Financial Times reported that platinum prices have sunk to a one-month low, pulled down by gold, which has fallen as a result of “easing political tensions after the deal with Iran” regarding its nuclear program.

    As quoted in the market news:

    The precious metal retreated 0.8 per cent to $1,367.60 a troy ounce, the lowest since October 15. Platinum prices have declined 22 per cent from this year’s high of $1,740, hit in February, despite bullish fundamental news surrounding the precious metal.

    Click here to read the full Financial Times report.

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