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Kitco reported as the global economy steadies, platinum group metals will stop losing ground, but are unlikely to rise.
Kitco reported as the global economy steadies, platinum group metals will stop losing ground, but are unlikely to rise.
As quoted in the market news:
Several said they look for the PGMs to remain near current levels or rise moderately over the remaining four and one-half months of 2012.
Spot platinum fell as far as $1,381 an ounce in late July, its lowest level of the year, after trading as high as $1,734 in February. Spot palladium fell to nearly $558 in late July after a February peak of $724.40.
Click here to read the full Kitco report.