US platinum futures fall 3 pct on sales by funds

Newswire

NEW YORK, July 27 (Reuters) - U.S. platinum futures dropped 3 percent at the start of the pit session on Friday, hurt by heavy sales by funds and as stop-loss orders were triggered, following the sell-off of gold and silver in the previous session after a wave of risk aversion hit financial markets. At 8:34 a.m. EDT (1234 GMT), most-active platinum for October delivery on the COMEX division of the New York Mercantile Exchange dropped $38.10, or 2.9 percent, to $1,290.00 an ounce. Just ...

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