Platinum drops over 2%

Monday, 16. September 2019 16:14

On Monday, platinum fell over 2% despite a report from the World Platinum Investment Council (WPIC) in which the organization revised its 2019 forecast for surplus metal, stating total demand was forecast to rise 9% compared to 2018. The rise in demand will be driven mainly by chemical and petroleum demand reflecting economic growth, the WPIC said.

The price of platinum per ounce fell 1.86% to $930.89 at 10:08 am ET. Palladium was down 1.01% to change hands for $1,594.78 a minute later. Meanwhile, the gold was up 0.59%, selling for $1,496.81 at the same time, while the price of silver rose 1.9% to $17.77.

Related Links: 
Breaking the News / MD