Platinum will regain its shine

Platinum futures have slumped to around $840 an ounce, a near-ten-year low. But the gloom looks overdone.

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Platinum futures have slumped to around $840 an ounce, a near-ten-year low. The metal is used largely for catalytic converters in diesel engines. The diesel emissions scandal at VW, in addition to the potential damage to car makers from a trade war, has raised fears of a sharp fall in demand.

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