Platinum extended a powerful rally to hit the highest level in more than a decade, with gains underpinned by a spike in demand and expectations for a market deficit. Spot prices surged by more than 2% to $1 350.17/oz, the highest level since September 2014. In a sign of near-term tightness, metal for immediate delivery has been trading at a premium to futures. Platinum is on course for a record quarterly surge after signs of strong demand in China, as well as robust investor interest, exacerbated concerns over a deficit. Still, there are doubts the rally will endure, with Goldman Sachs Group forecasting prices will ... (full story)