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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Metals and Minerals, Trading more

Platinum’s a ‘compelling’ commodity: CitrinGroup

Posted on 04 October 2012

With traders focused on gold and oil these days, it’s easy to overlook the prospects for other commodities. But Viktoria Palushaj, market analyst at investment firm CitrinGroup in Birmingham, Mich., points out that platinum prices have seen a “strong resurrection” recently. Platinum “offers the potential for long-term gains as the United States economic recovery endures, and other global economies work to find their footing.”
Platinum for January delivery closed at $1,694.10 an ounce on Wednesday, up 0.4% on the Comex division of the New York Mercantile Exchange. Futures prices up around 21% year to date………………………………………..Full Article: Source


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