Platinum Sees Gains, Performs Better Than Gold

Reuters reported that while gold has suffered a nearly 4-month slump, platinum is performing much better, particularly with the rising demand from several industries.

As quoted in the market news:

“If there is a timely agreement to avert the fiscal cliff, I think gold will gain with risk assets,” said VTB Capital analyst Andrey Kryuchenkov.

“I think platinum group metals will outperform gold, as they have much better supply side fundamentals,” he added, referring to expectations for increased demand for platinum and palladium as the global economy recovers.

Click here to read the full Reuters report.