Platinum’s rollercoaster ride

- October 22nd, 2008

Platinum Investing News reports the price of platinum rising and falling over the last two days. Platinum’s rise from its 3 1/2 year low came as crude oil prices advanced, encouraging investors to buy commodities including precious metals. A spike in oil may recover platinum, and OPEC is meeting in November to discuss production levels. OPEC … Continued

Platinum Investing News reports the price of platinum rising and falling over the last two days.

Platinum’s rise from its 3 1/2 year low came as crude oil prices advanced, encouraging investors to buy commodities including precious metals. A spike in oil may recover platinum, and OPEC is meeting in November to discuss production levels. OPEC favors a cut in output and may pare output in stages to maintain stable prices as global growth weakens.

 

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