Platinum under $800

The price of platinum has collapsed. It fell below $800 per ounce, marking a record low in its history. The noble metal started with its decline a week ago but only yesterday lost more than 5% of its value.
The prices of other precious metals also fell. Gold fell below the support level of $1,250 and fell to $1,238 per ounce.
Silver is trading early this morning at $15.78, or its lowest value since November last year.
The platinum and gold price ratio is at a record low of 0.646.
The sharp decline in platinum prices is largely determined by fears that US duties on aluminum and steel will reduce demand for platinum.
The strong dollar and the decline in demand for diesel cars, whose platinum catalysts are used, are other reasons for the decline in platinum prices.
There are also some concerns about manipulating the price of platinum. The fall of the metal below $811, which is a bottom since 2004, has increased panic sales of investors. Many stop losses were taken, which further prompted the supply of precious metal.
Whether levels of less than $800 would not have been a good time to buy, we're going to see very soon.