Tag Archive | "storm in the gulf of mexico"

Platinum gets hit by double whammy; plunges

Tuesday, August 19, 2008

It was a tough day on the markets for the precious metals. Platinum plunged the furthest, at 6 percent, while gold dropped more than 2 percent and silver by 5 percent. The drop was instigated earlier in the session as economic worries prompted Asian traders to sell off metals.

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