Platinum’s rollercoaster ride

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Wed, Oct 22, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Platinum Investing News reports the price of platinum rising and falling over the last two days.

Platinum’s rise from its 3 1/2 year low came as crude oil prices advanced, encouraging investors to buy commodities including precious metals. A spike in oil may recover platinum, and OPEC is meeting in November to discuss production levels. OPEC favors a cut in output and may pare output in stages to maintain stable prices as global growth weakens.

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