Spot Platinum Falls 0.4 Percent Amid Eurozone Concerns

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.