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Platinum Sees Physical Buying, But Price Outlook Is Hazy
Sep. 29, 2011 02:28PM PST
Precious Metals InvestingForbes reported demand for physical platinum picked up in the price break seen over the past few weeks, but the platinum market outlook is hazy.
Forbes reported demand for physical platinum picked up in the price break seen over the past few weeks, but the platinum market outlook is hazy.
The market news is quoted as saying,
October platinum futures on the Comex division of the New York Mercantile Exchange set an intraday high of $1,918.50 an ounce on Aug. 23 and fell as low as $1,475.30 on Sept. 26 before rebounding to close at $1,546.90 that day. Currently October platinum is trading around $1,525 as of Thursday.