Platinum Rises on Positive Economic Output Data

CNBC reported platinum and other precious metals rose in trade on Wednesday on positive economic data from the United States.

As quoted in the market news:

Platinum and palladium climbed, as PGM investors digested a mixed bag of U.S. auto sales data in January, featuring an increase in Chrysler Group and a decline by General Motors.

Platinum rose 1.7 percent on the day to $1,612.24 an ounce.

Click here to read the full CNBC report.