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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Brighter outlook for platinum as demand rises and gold loses its lustre

Posted on 14 January 2013

Could platinum be a better bet than gold in 2013? Despite bullish analysts’ predictions on gold for this year, the precious metal had a lacklustre start. In contrast, the outlook for platinum may be brighter.
The platinum-gold spread – or the difference between the price of gold and platinum – has been narrowing from above $100 a troy ounce. Spot gold is now at $1,662.80 an ounce and spot platinum at $1,632.25. This means the spread has narrowed to just $30.50. There is a real chance that the price of platinum could move above that of gold in the next few months………………………………………..Full Article: Source


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VRS - who has written 39456 posts on Opalesque Commodities Briefing.


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