PGMs Tipped to Rise as Debt Crisis Increases Haven Demand

Precious Metals

The Sydney Morning Herald reports that platinum group metals may increase after European governments failed to agree on a Greek rescue package.

The Sydney Morning Herald reports that platinum group metals may increase after European governments failed to agree on a Greek rescue package.

The market news is quoted as saying,

Immediate-delivery silver gained 0.4 per cent to $US36.0350 an ounce, palladium rose 0.4 per cent to $US749.25 an ounce, and platinum advanced 0.4 per cent to $US1763.50 an ounce.

Investec Bank’s Head of Trading, Darren Heathcote says,

The market’s waiting with bated breath to see what comes out of the European discussions on Greece.

For the complete market news, click here.

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