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Spot Platinum Falls 0.4 Percent Amid Eurozone Concerns
Nov. 27, 2012 09:45AM PST
Precious Metals InvestingThe Sydney Morning Herald reported that spot platinum declined to US$1,609 per ounce, a drop of 0.4 percent, as the International Monetary Fund and Eurozone finance ministers tried to come to an agreement regarding monetary aid for Greece.
The Sydney Morning Herald reported that spot platinum declined to US$1,609 per ounce, a drop of 0.4 percent, as the International Monetary Fund and Eurozone finance ministers tried to come to an agreement regarding monetary aid for Greece.
As quoted in the market news:
“A failure to strike a deal in the coming days could trigger a Greek default, raising again the question of a Greek exit (from the euro zone) and potentially seriously endangering the resolution of the euro area crisis,” Barclays strategists said in a note. … Spot platinum was down 0.4 per cent at $US1,609 an ounce, while spot palladium edged down 0.3 per cent at $US659.97 an ounce.
Click here to read the full report from The Sydney Morning Herald.