Saturday 04, August 2012 by Gerhard Schubert

Precious Metals Report: Platinum outlook remains weak

The outlook for platinum appears to be still weak, but the rally on Friday, with a close back above the $1400 level, was important. There has been no visible new interest from the investment community in platinum and there seem to be no tangible steps visible to close the gap of oversupply to an already saturated market.

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