25.11.2015 - In the Commodities Rubble, Citigroup Likes Look of Platinum
In the beaten up world of commodities, platinum may prove to be a good bet. “Right now, platinum looks like an oversold metal,” Ivan Szpakowski, a commodities strategist at Citigroup Inc., told Rishaad Salamat in a Bloomberg TV interview on Tuesday when asked what’s hit rock bottom and may rebound. The metal that’s used in jewelry and catalytic converters sank to the lowest level in seven years on Tuesday after retreating for the past five quarters. It’s lost 30 percent this year as the dollar advanced and the Volkswagen AG emissions scandal hurt prospects for demand...............................................Full Article: Source
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