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    market news

    Precious Metals: Platinum Languishes

    Investing News Network
    May. 31, 2012 05:09PM PST
    Precious Metals

    CNBC reported on precious metals trading on Thursday as platinum slipped again.

    CNBC reported on precious metals trading on Thursday as platinum slipped again.

    As quoted in the market news:

    spot platinum was up 0.7 percent at $1,405.24 an ounce, while spot palladium was up 0.1 percent at $603 an ounce.

    The gold/platinum ratio, which measures the number of platinum ounces needed to buy an ounce of gold, rose to a 4-1/2 month high this week at 1.12, as the white metal, which is much more exposed to the economic cycle than gold, languished.

    Click here to read the full CNBC report.

    market newsprecious metals trading
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