Platinum Investment Market NewsFriday 1st February 2008
The Platinum market was setting record highs today by reaching $1744. In line with the record highs set by Gold the Platinum Metal Price seems to have lunged upwards after the Fed 1/2 point rate cut. As with Gold the weakness in the Dollar also helped push Platinum into the record breaking territory. Palladium has also reached highs not seen for almost 2 years following in the footsteps of Platinum and Gold prices and increasing by around 2.5%-3% then settling about 1.5% up.