Platinum Widens Premium to Gold to 17-Month High

Feb. 14, 2013 05:27AM PST

Bloomberg reported that platinum rose for the 2nd day thus widening its premium to gold even further, on concerns that there will be a supply deficit after the Zimbabwe government seized land from Zimplats Holdings Ltd.

Bloomberg reported that platinum rose for the 2^nd day thus widening its premium to gold even further, on concerns that there will be a supply deficit after the Zimbabwe government seized land from Zimplats Holdings Ltd.

As quoted in the market news:

On the New York Mercantile Exchange, platinum futures for delivery in April climbed 0.7 percent to settle at $1,729.70 an ounce at 1:10 p.m. The metal has gained 12 percent this year, mainly as Anglo American Platinum Ltd., the biggest producer, said last month it plans to cut output.

Click here to read the full Bloomberg report.