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IBTimes reported on precious metals trading noting platinum has done significantly better than its gold counterpart throughout 2012.
IBTimes reported on precious metals trading noting platinum has done significantly better than its gold counterpart throughout 2012.
As quoted in the market news:
One area that has stood out this year has been platinum. In spite of today’s 1.7% drop in platinum to $1,504.50 per ounce, the metal has advanced 11.1% on a year-to-date basis – making it one of the best performing asset classes. Platinum has benefited from its dual role as a precious and industrial metal, as central banks have continued to implement highly accommodative monetary policies and as the global economy has shown modest signs of improvement.
Click here to read the full IBTimes report.