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Platinum surges as investors sell off gold and other commodities

Posted on 05 July 2013

Investors embraced platinum amid a general market inclination to sell commodity based Exchange Traded Products (ETPs) in the second quarter of this year. Commodity ETPs are products that allow investors to ‘bet’ on the price of commodities such as gold. With real interest rates rising and expectations of an early end to quantitative easing (QE) in the US, there was a record decline in ETP commodity assets under management between April and June 2013.
ETP assets dropped by $49 billion to $127 billion, the lowest level since 2010 according to data produced by ETF Securities………………………………………..Full Article: Source


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