Analysts see light at the end of the tunnel for platinum

- October 1st, 2008

Platinum Investing News reports platinum fell to a new low dropping below US$1000 an ounce for the first time since 2006. Platinum dropped US$96.00, or 8.8 per cent, to hit US$994 on the London Metal Exchange (LME). At its current price, platinum is down 57 per cent from its record high of US$2301.50 it hit on March 4. … Continued

Platinum Investing News reports platinum fell to a new low dropping below US$1000 an ounce for the first time since 2006.

Platinum dropped US$96.00, or 8.8 per cent, to hit US$994 on the London Metal Exchange (LME). At its current price, platinum is down 57 per cent from its record high of US$2301.50 it hit on March 4. Analysts are optimistic about the future of this metal, predicting that it will rally to US$1448.20 an ounce in the near future.

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