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    market news

    Spot Platinum Falls on Optimism Over US Economy

    Investing News Network
    Mar. 13, 2013 06:10PM PST
    Precious Metals

    Reuters reported that amid reports of US retail sales rising at its fastest pace in 5 months, investors have become optimistic about the US economy which resulted to a decline in spot platinum on Wednesday.

    Reuters reported that amid reports of US retail sales rising at its fastest pace in 5 months, investors have become optimistic about the US economy which resulted to a decline in spot platinum on Wednesday.

    As quoted in the market news:

    Platinum fell 0.49 percent to $1,587.21, and palladium  dropped 0.3 percent to $768.22 an ounce.

    Click here to read the full Reuters report.

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