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On Friday, the first U.S. platinum and palladium exchange-traded funds will launch, giving U.S. investors easier access to the industrial metals, which have already rallied on hopes for more fund-based stockpiling.
On Friday, the first U.S. platinum and palladium exchange-traded funds will launch, giving U.S. investors easier access to the industrial metals, which have already rallied on hopes for more fund-based stockpiling.
The news release is quoted as saying:
Platinum group metals have outperformed gold since the beginning of December, when the launch of the ETFs was widely anticipated among traders. During that period, platinum was 7 percent higher, and palladium was up 17 percent, compared with a 4 percent decline in gold.