Platinum-Gold Ratio Reaches 1985 Prices

Mineweb reported the platinum-gold ratio has fallen to levels last seen in 1985, and market dynamics are unlikely to reverse the trend.

As quoted in the market news:

Writing in its Commodities Weekly report, the bank points out that while gold has been struggling to break free of the upper end of its trading range, Platinum has been drifting lower over the past month.

As can be seen from the above graph, after a sustained period where platinum prices were higher than those of gold this relationship changed at the end of September 2011 and has remained the status quo for most of the rest of the next 11 months.

Click here to read the full Mineweb report.