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IBTimes reported price fluctuations and production surges of precious metals have largely been determined by how investors cling to their investments.

IBTimes reported price fluctuations and production surges of precious metals have largely been determined by how investors cling to their investments.

As quoted in the market news:

Gold spot prices as of Oct. 27 hovered at $1,747 per ounce. Platinum, on the other hand, sold for about $1,636 an ounce.

For investors, this meant only 0.93 ounces of gold is needed to buy an ounce of platinum. For traders, one ounce of gold stands for 1.07 ounces of platinum

Click here to read the full IBTimes report.

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1803.00+1.47
Silver20.82+0.02
Copper3.68-0.03
Palladium2224.19+14.20
Platinum965.47+2.48
Oil91.88-2.46
Heating Oil3.51+0.03
Natural Gas8.78-0.09

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