Spot Platinum Drops on Expectations of Lowered Output

CNBC reported precious metals were mixed on Tuesday with spot platinum dropping on news output is expected to decline one percent in 2012.

As quoted in the market news:

Spot platinum eased 0.3 percent to $1,618.49 an ounce.

Platinum has narrowed its historically unusual discount to gold to around $100 an ounce on Tuesday, down from a record of around $230 an ounce hit in January.

Click here to read the full CNBC report.