Platinum Prices Continue to Fall Despite Tough Production Outlook

Platinum prices will likely record the first annual decline since 2008. Although the mining sector in South Africa remains challenging, the metal got dumped in the financial market, in tandem with its counterparts including palladium, gold and silver, due to deterioration of market sentiment, concerns over sovereign debt problems in the Eurozone and the broadly based slowdown in global economy. Elevated platinum prices have also damped jewelry demand.

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Platinum Prices Continue to Fall Despite Tough Production Outlook