Precious Metals: Platinum and Palladium Biggest Movers

Jun. 11, 2012 10:02AM PST

CNBC reported on precious metals trading on Monday, noting platinum and palladium surged on news Spanish banks will receive financial help.

As quoted in the market news:

Spot platinum was up 1.3 percent at $1,439.74 an ounce, while spot palladium was up 1.3 percent at $617.47 an ounce.
The gold/platinum ratio, which measures the number of platinum ounces needed to buy an ounce of gold, retreated from near five-month highs as platinum outperformed, while the spread narrowed to $150 an ounce from nearly $200 an ounce last week.

Click here to read the full CNBC report.

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