Platinum Drops Sharply on Fed, Hedge Fund Talk

Reuters reported that after the Federal Open Market Committee minutes were released, which showed it may need to put on hold buying assets before the job market improves, platinum group metals dipped.

As quoted in the market news:

Silver fell 3.9 percent to $28.28 an ounce, platinum  dropped 2.7 percent to $1,641.49, and palladium  was down 4 percent at $730.72 an ounce.

Click here to read the full Reuters report.