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Platinum widens spread over gold on supply concerns

Posted on 15 February 2013

Platinum climbed for a third day, widening its spread over gold to the biggest since August 2011, on concerns that global supply will drop this year just as a recovery boosts industrial demand.
Platinum gained 0.4 per cent to $1,727 an ounce, while gold was little changed at $1,642.79 an ounce. The spread between the two metals widened to $88.85 today, the biggest since August 2011. Silver also advanced 0.1 per cent to $30.80 an ounce………………………………………..Full Article: Source


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