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IBTimes reported as gold stocks surged, platinum has remained the best performer of 2012 surging 19% in January.
IBTimes reported as gold stocks surged, platinum has remained the best performer of 2012 surging 19% in January.
As quoted in the market news:
As a result of the sector’s underperformance and rebound in global economic activity in recent months, investors have begun to seek out other commodity-related names. One of the best performing commodities thus far in 2012 has been platinum, which has surged over 19% to $1,620 per ounce. Platinum has benefited significantly from its dual role as a precious and industrial metal. Rampant currency debasement across the globe has combined with improving economic fundamentals to propel platinum higher this year.
Click here to read the full IBTimes report.