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CNBC reported on precious metals trading on Thursday as spot platinum fell 0.9 percent.
CNBC reported on precious metals trading on Thursday as spot platinum fell 0.9 percent.
As quoted in the market news:
U.S. auto sales rose a lower-than-expected 9 percent in July as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines, denting sentiment in platinum group metals which are used in producing auto catalysts.
Spot platinum lost 0.9 percent to $1,396.49, extending a 1.3-percent decline in the previous session — the biggest daily drop in three weeks. Spot palladium fell nearly 1 percent to $581.15.
Click here to read the full CNBC report.