Kitco reported funds increased their net bullish positions in platinum futures and options on the Nymex for the eighth straight week of gains.
As quoted in the market news:
Metals prices ended mixed during the reporting window of Oct.9, with gold, silver and copper prices down and platinum group metals higher. The most-active December gold contract dropped $10.60 to $1,765 an ounce as of Oct. 9. December silver fell 6.84 cents during the week to $33.985, while January platinum gained $8.10 to $1,695.30.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.