Platinum gets mixed response as crude oil drops

- June 19th, 2009

Platinum Investing News reports platinum price dropped slightly. It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy.  Now the market has shifted its focus, and like all precious metals, platinum has seen a … Continued

Platinum Investing News reports platinum price dropped slightly.

It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy.  Now the market has shifted its focus, and like all precious metals, platinum has seen a significant boost recently from investors looking for hedges against the increasingly likely threat of inflation.

 

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