Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, as per Banc of America Securities- Merrill Lynch. 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
ETF Securities reported to have filed for approval with the U.S. Securities and Exchange Commission of two exchange-traded funds that would give U.S. investors their first opportunity to gain exposure to platinum and palladium through ETFs. For full story, click here
A unit of London’s ETF Securities announced that it has filed with the Securities and Exchange Commission to register platinum and palladium trusts in the United States. For full story, click here
ETF Securities announced that holdings of its platinum-backed exchange traded commodity jumped 87 percent to 321,369 ounces in the first quarter of 2009. For full story, click here
Platinum is on track for the best quarter in over a year, as demand for the metal as an alternative to gold has nudged prices up 23 per cent. Platinum’s premium to gold stood at $213.15 an ounce yesterday, compared with $1,041.83 a year ago.
There has been a reported hike in inflows into physically-backed precious metals ETCs of ETF Securities. The firm informed that investment in platinum was the largest in over a year while gold holdings have increased to an all-time high. For full story, click here
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