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Bloomberg reported gold’s premium to platinum may surge to the highest on record in the next year because of investors’ concern about the global economy.
Bloomberg reported gold’s premium to platinum may surge to the highest on record in the next year because of investors’ concern about the global economy.
The market news is quoted as saying,
Gold cost 3.1 percent more than platinum in London yesterday, compared with an average discount of 39 percent over the past decade, data compiled by Bloomberg show. The metal may reach a premium of 26 percent in the third quarter of 2012, according to David Wilson of Societe Generale SA in London, the most accurate platinum, palladium and silver forecaster tracked by Bloomberg over two years. That would be the highest in data compiled by Bloomberg going back to 1987.