Platinum Price Could Rise "Modestly" - VM Group

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The VM Group said in its November Fortis Metals Monthly South African platinum supply remained a risk and with much of the investment money now out of the market, "modest gains in the platinum price could be possible".

The platinum price could make modest gains if there were signs of further problems with supply or economic gloom starts to clear.

The VM Group said in its November Fortis Metals Monthly South African platinum supply remained a risk and with much of the investment money now out of the market, "modest gains in the platinum price could be possible".

Platinum has seen the largest ETF sell-off of any of the precious metals, and this continued in October. The UK ETF saw its holdings fall from more than 200,000 ounces at the start of the month to 136,409 ounces by the end, said the VM Group.

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