Gold Prices Poke Above Platinum

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"Some analysts say this phenomenon could show up for a number of months, although gold had pared its earlier gain and platinum regained its normal upper hand, just barely."

Kitco, Allen Sykora

The sharp rally in gold lately has carried the price of the yellow metal higher than platinum for the first time since late 2008. Some analysts say this phenomenon could show up for a number of months, although gold had pared its earlier gain and platinum regained its normal upper hand, although not by much.

"The same macro concerns that are weighing upon the industrial demand for platinum are driving gold-investment demand and in turn prices to new highs," said Suki Cooper, precious-metals analyst with Barclays Capital. . .View full article

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