Platinum Sinks to One-month Low

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.