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

Platinum prospects get shinier

Posted on 16 September 2013

Platinum prices are hovering between the year’s lows and highs, so investors could be excused for being cautious. But the good news on the metal outweighs the bad. Having bounced off a 3½-year low of $1,300 an ounce in June, platinum has been nudging the $1,500 mark in recent weeks.
Part of the rebound can be traced to a recovery in gold prices, which had dragged all precious metals lower amid fears of imminent and aggressive stimulus-cutting by the Federal Reserve. Since those worries have eased, gold has marched higher………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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