Precious Metals Sluggish on Slowed China Growth

Reuters reported platinum has returned to a discount to gold on slowed growth in China.

As quoted in the market news:

The recent economic optimism helped platinum, which usually moves in tandem with riskier assets, regain its premium over gold earlier in the month. But the spread flipped to a discount again this week, with gold standing $16 above platinum.

Spot platinum traded down 0.2 percent to $1,630.69 an ounce, and spot palladium edged up to $682.17.

Click here to read the full Reuters report.