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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.
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