| Platinum dropped below a price of $1,100 on early on Tuesday afternoon to a fresh July 2009 low, coming under renewed pressure from the strength of the US dollar. The metal traded as low $1,096 per ounce, down $10 on Monday’s close and a drop of 9.1 percent since the start of the year. It was last at a price of $1,095/1,100.
“The decline in PGM prices this year may be viewed as encouraging for industrial buyers [but] we believe above ground stocks may have to be depleted further before platinum can make significant upside advances,” James Steel at HSBC said...............................................Full Article: Source
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