Platinum cheapest since March 2009, palladium price falls to 21-month low

Platinum and palladium were also dragged down by gold and in some cases weak base metal prices. 

Platinum dropped to around $1,060 per troy ounce, its lowest level since March 2009, while palladium hit a 21-month low of $695 per troy ounce. 

The price slide that has been ongoing for weeks now is being exacerbated by the withdrawal of speculative financial investors who recently reduced their net long positions significantly, says Commerzbank.

In the week to 16 June, net longs in platinum and palladium were at their lowest levels since August 2012 and November 2012 respectively