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Precious Metals: Platinum Rises, Prices Remain Low
Jul. 13, 2012 12:22PM PST
Precious Metals InvestingIBTimes reported on precious metals trading as platinum rose, but remains historically low compared to gold.
IBTimes reported on precious metals trading as platinum rose, but remains historically low compared to gold.
As quoted in the market news:
Although the price of platinum climbed 1.4% to $1,432.80 per ounce this morning, it remains well below the price of gold. Historically, platinum has traded at a premium to gold, but this has not been the case in recent months. Many market strategists have noted that periods during which platinum has traded at a discount to the yellow metal have frequently marked intermediate-term lows for the white metal.
Click here to read the full IBTimes report.