Volkswagen Fallout Sees Platinum Drop Below $900 an Ounce – Wall Street Journal
LONDON—Platinum prices sank below $900 an ounce on Friday for the first time since the recession, as pressure from the Volkswagen AG emissions scandal hammered a precious metal already wounded by high supply and lackluster demand.
Having fallen steadily since July last year, prices are now down more than 50% from an all-time high of $1,912.20 in mid-2011. The metal is now trading just $200 above its cheaper rival, palladium. Both…