Most precious metals seem to be following in the Gold Fix Markets footsteps in an upward direction. The platinum market price was up to around $1323 at close yesterday. The platinum market opened today at $1335 and has stayed above $1330 so far today.


The precious metal platinum has reached an 8 week high, helped by the record lows of the US Dollar against the Euro currency. With gold reaching a 28 year high it looks as though platinum is following the trend as well as most other precious metals. The Fed decision to cut interest rates in an effort to get the countries economy moving again seems to have increased demand for precious metals such as platinum.

Delicious  Digg  Spurl  Wists  Furl  Reddit  Fark  Yahoo

This entry was posted on Friday, September 21st, 2007 at 2:36 pm and is filed under Platinum. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.