Silver, Platinum Tumble on Low Demand From China
Investing News Network - December 15th, 2011
Reuters reported that precious metals were mixed with gold holding steady as platinum and silver fell on slowed demand in China an a weaker dollar.
Reuters reported that precious metals were mixed with gold holding steady as platinum and silver fell on slowed demand in China an a weaker dollar.
As quoted in the market news:
The slowing of manufacturing in China, the world’s second-largest economy and top consumer of many raw materials, also piled pressure on industrial metals.
Spot platinum tumbled as much as 3.2 percent to a two-year low of $1,372, before trimming some losses to trade at $1,398.