Why is Platinum Cheaper Than Gold?

Business Insider reported that as gold becomes more expensive than platinum since gold prices more strongly reflect moves in the United States government and economy.

As quoted in the market news:

Currently, gold is near $1,728, and platinum is at $1,608 per ounce, i.e. gold is nearly 7.5% more expansive than platinum.

Click here to read the full Business Insider report.