Platinum Hits 30-Month High
Source: Dow Jones Newswires, James Campbell (1/19/11)
"A risk assets rally and gains in copper gave platinum an added boost."
Spot platinum was up $25 at $1,843/oz., while palladium was also higher, rising $7 to $817/oz.
China's consumer price index inflation data, due at 0200 GMT Thursday, is likely to be the next cue for precious metals, with a CPI reading stronger than November's 5.1% rise from a year earlier likely to prompt some selling.
An unconfirmed report from Hong Kong-based broadcaster Phoenix TV suggested China's consumer price inflation had slowed in December to 4.6%, helping to fuel Wednesday's rally in risk assets like platinum.