PGMs Tipped to Rise as Debt Crisis Increases Haven Demand

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.

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