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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Platinum poised for second weekly gain, fifth monthly increase

Posted on 27 March 2009

From Bloomberg: Platinum headed for its second weekly increase and fifth monthly gain, on investors’ optimism that a rally in equities worldwide signals a rebound in the global economy and improving demand for the metal.

Platinum, used mainly in automobile pollution-control devices and jewelry, has gained 3.3 percent this week as the Standard & Poor’s 500 Index rallied 8.4 percent and the Dow Jones Industrial Average surged 8.9 percent. ….Full Article: Source


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