Platinum prices slipped further last week losing some 5% of its value and dropping to a fresh three-month low below $915 an ounce. Over the past three months, other industrial metals have also struggled with copper off by nearly 6%, aluminum down 12%, lead lower by 8% and palladium by 17%.
The failure of gold to mount a convincing rally back to January highs weighs further on the platinum price, which has declined to a record $425 discount. In contrast, the metal has reached parity once again with palladium, not on the strength of platinum but rather on additional weakness in palladium.
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