26.10.2015 - How platinum got cheaper than gold
Looking for an engagement ring or stepping out to buy a wedding band? You no longer have to restrict yourself to the boring yellow metal; the classy platinum in now within reach. Prices of platinum have been declining steadily and are down about 50 per cent over the last four years. The best part is, platinum is now cheaper than gold. Platinum trades at about $1,000/ounce while gold quotes at $1,164/ounce. It moved to a discount to gold in February. Platinum has always sported this exclusive aura and commanded a premium because it is rarer than the yellow metal. But sometimes, due to unfavourable demand-supply dynamics, the metal trades cheaper for months together. For instance, when platinum prices moved to a discount to gold in 2011, it took 16 months for it to recoup its premium to the yellow metal...............................................Full Article: Source
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