Platinum Group Metals Stabilize To Avoid Further Loss

Kitco reported as the economy stabilizes platinum group metals prices will stop losses, although it’s unlikely the metals will see any increase.

As quoted in the market news:

Several said they look for the PGMs to remain near current levels or rise moderately over the remaining four and one-half months of 2012.

Spot platinum fell as far as $1,381 an ounce in late July, its lowest level of the year, after trading as high as $1,734 in February.

Click here to read the full Kitco report.