13.03.2015 - Precious Metals ETFs: Platinum Trading Under Gold
Platinum is trading below gold bullion prices again, but the current pressure on the white metal this time around could be coming from a surge in supply. Platinum has been largely underperforming gold. For instance, the ETFS Physical Platinum Shares fell 6.4% year-to-date and declined 23.9% over the past year. Meanwhile, the SPDR Gold Shares dropped 1.9% year-to-date and decreased 13.7% over the past year. Consequently, the platinum spot price was hovering around $1,118 per ounce Wednesday while the gold spot price was at $1,154 per ounce...............................................Full Article: Source
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