Price of Platinum Falls to Seven-Year Low

30/09/2015 09:21

On Tuesday, Platinum futures in New York have fallen to levels last seen during the global financial crisis of 2008 due to investor concerns triggered by the fallout from a cheating scandal at Volkswagen. Platinum, which is widely used in the jewelry industry, for delivery in January dropped more than $20 or 2.5% and fell below $900 an ounce. That price level was last seen in October 2008 as the global financial crisis was at its height.