Platinum off to a weak start

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Tue, Sep 2, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Platinum Investing News reports price of platinum fell more than 3 % 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. Earlier this month spot platinum briefly fell below $1,300, the lowest intraday level since mid-September 2007, amid concerns about waning demand from automakers.

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