Gold Platinum Spread Falls, Nears Parity

Reuters reported as gold inched upward platinum rose even higher for the week narrowing its discount to gold to just $15.

As quoted in the market news:

Spot platinum gained 0.6 percent to $35.35 an ounce, headed for a loss of 0.2 percent over the week. The metal, mainly used to produce jewellery and autocatalysts, has risen 22 percent so far this year, versus gold’s gain of 10 percent.

Click here to read the full Reuters report.