Gold Platinum Spread Narrows to $165

Reuters reported precious metals were up across the board, including platinum which rose to a four week high narrowing the gold-platinum spread.

As quoted in the market news:

The gold-platinum spread narrowed to just below $165 an ounce, its smallest in two weeks. The price of platinum has been consistently lower than that of gold since last September, as gloomy economic outlook dampened sentiment on platinum, while gold’s safe-haven appeal helped limit a price decline.

Click here to read the full Reuters report.