Prices for platinum, which 18th-century French monarch Louis XV is said to have called the only metal fit for a king, have fallen 66 percent from their high in March of $2,276 per ounce to as low as $769 last week. For full story, click here
Platinum declined more than 6 percent on Tuesday to its lowest since mid-September last year, due to weakening demand from automakers and general weakness in precious metals. Kazuhiko Saito of Interes Capital Management in Tokyo said: EU automobile production decreases. Both gold and platinum continue to be bearish. Platinum may be fall to below $1,200. [...]
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