Silver, Platinum Tumble on Low Demand From China

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.

Click here to read the full Reuters report.