Platinum ETF Standsout
Forbes reported ETFS Physical Platinum Shares (AMEX:PPLT) lost two percent over the last week.
Forbes reported ETFS Physical Platinum Shares (AMEX:PPLT) lost two percent over the last week.
Financial Post reported Sprott Assest Management has opened a physical palladium and platinum trust.
Business Insider reported on the WITE ETF for palladium, platinum and silver one year after its inception.
Business Insider reports American equity markets finished the final full week of May on a relatively strong note.
The Street reports precious metals have become a major region of interest for ETF fund sponsors.
Higher platinum prices are encouraging some in the catalytic converter industry to turn to palladium as a cheaper alternative, but increasing worldwide auto demand, especially for cleaner vehicles, will continue to drive platinum prices higher.
Bloomberg.com reports that an ETF backed by Silver, Platinum and Palladium is set to begin trading in New York.
Moneyweek.com comments that palladium and platinum are attractive at the moment because they are influenced differently than other commodities. The editorial is quoted as saying: It depends on what you think is going to happen next. As I noted above, platinum and palladium aren’t driven by the same factors as gold and silver. Ultimately gold [...]
Platinum prices made gains on Tuesday, climbing to $1,525 per ounce after opening July at $1,500. The metal is up 5 percent since closing out 2009, an impressive feat given the lingering fears that the European debt crisis could still trigger a double-dip recession.
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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