Platinum’s investment case builds as deficit remains | Metals Mine

  • Platinum’s investment case builds as deficit remains

    From kitco.com

    A perfect storm appears to be brewing in the platinum market as growing investment demand meets ongoing supply deficits. After a relatively slow start to the year, platinum prices have surged as investors move down the value chain in the precious metals market. October platinum futures last traded at $1,390.40 an ounce, up more than 50% so far this year, with most of the gains coming since early June. Meanwhile, December gold futures are trading near record highs at $3,686 an ounce, up 32% on the year. “Platinum is expected to see its third year of supply deficits, but it's the price action that has attracted all ... (full story)

Comment Options
  • Story Stats

  • Related Stories