Platinum jumps amid speculation about industrial purchase

Reproduction
Fri, Aug 29, 2008

Platinum Market News
Post by Melissa Pistilli, Platinum Senior Reporter

Platinum futures jumped for a fourth day in Tokyo amid speculation that carmakers and other industrial users were buying the metal to take advantage of the declining prices.

Ralph Preston, a futures analyst at Heritage West Futures Inc. in San Diego, said:

Platinum’s continuing to get support from industrial buyers.

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