CAPITAL MARKETS

Platinum pull back

SPECULATION that an exchange-traded fund (ETF) will be set up for platinum has cooled, which has resulted in the price of the metal falling 15% overnight from the previous day’s record high and putting a halt to the strong run of platinum stocks seen this week.

Michael Vaughan
Platinum pull back

In London on Tuesday, platinum opened at $US1251 per ounce and rose about 11.7% – the largest amount in close to 20 years – to finish at $US1400.50/oz, according to Bloomberg. The price rise was driven...

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