28.11.2014 - Platinum Declines as ETF Holdings Post Biggest Drop in 6 Months
Platinum fell for the first time in three days as investors sold holdings of exchange-traded funds backed by the metal at the fastest pace in six months. Gold retreated as oil dropped to a four-year low. Global holdings in platinum ETFs were down 1.2 percent to 82.65 tons as of yesterday, the biggest drop since May. In November, holdings have fallen on all but five days. The metal is down 11 percent this year as concerns about slowing economies outside the U.S. and the dollar’s rally curbed commodities demand..........................................Full Article: Source
Print