Gold Trades At New Premium To Platinum

Jul. 30, 2012 03:06PM PST

Forbes reported on the current funk in the platinum market as gold trades at a $223 premium to the white metal.

As quoted in the market news:

Both platinum and gold are useful metals. Gold’s use is ultimately social, being a thing of beauty, symbol of power, store of value and a means of exchange, while platinum is primarily an industrial metal. This isn’t helping platinum versus the gold price one bit right now.

Click here to read the full Forbes report.