In Tokyo, Spot platinum fell more than three percent on Monday on renewed concerns about demand for the metal. The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of $1,474.50/1,494.50.
Platinum fell more than 3 percent on concerns about falling demand for autocatalysts, while Gold bounced on Monday on speculative buying driven by higher oil ahead of Hurricane Gustav. Manager of precious metals at Heraeus Ltd in Hong Kong, Dick Poon said: There’s some resistance on the top side. I think it’s mostly related to [...]
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