2011 Platinum Market Trends and 2012 Market Outlook
Platinum prices were volatile in 2011 and look set to continue that way in the early parts of 2012. Still, analysts have a positive outlook.
Platinum prices were volatile in 2011 and look set to continue that way in the early parts of 2012. Still, analysts have a positive outlook.
Business Insider reported on the WITE ETF for palladium, platinum and silver one year after its inception.
ETF Securities USA announced today the total assets for its' six products, now exceed $3 Billion .
Platinum Today reports that Basinvest’s BI Physical Commodity Fund has anticipated need ahead of some major banks, having a 15 per cent exposure to palladium and a ten per cent exposure to platinum. The story is quoted as saying: Ronald Wildman, Managing Director of Basinvest, explained that the Zurich-based company is “pioneering the concept” of asset [...]
Fixing in London on 14th April at $1,222/oz, platinum was at its highest price since September 2008. But news of the impending bankruptcy of the Chrysler car company punctured sentiment, and by 1st May it had slipped back to $1,076/oz, its lowest since mid-March. For full story, click here
A proposal for the first-ever U.S. exchange traded platinum fund would give the white metal a shot in the arm and fill some of the void left by lower demand from the beleaguered auto sector. For full story, click here
ETF Securities declared the amount of metal it holds to back its Physical Platinum exchange-traded commodity dipped 5.7 percent in the week to May 8. For full story, click here
The amount of metal ETF Securities holds to back its Physical Platinum exchange-traded commodity dipped 5 percent on April 30. For full story, click here
The amount of metal ETF Securities holds to back its London platinum and palladium exchange-traded commodities surged by 2.4 percent and 4.4 percent respectively in the week to last Friday. For full story, click here
RTS has reported to launch trading in platinum and palladium futures contracts on FORTS, RTS derivatives section, complementing the established trading in gold and silver. For full story, click here
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