Automaker uncertainty bad news for platinum

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Tue, Apr 28, 2009

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Platinum Investing News reports platinum price falls with the uncertainty with the automaker markets.

In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal. Interest in platinum as a safe haven investment in tandem with gold is likely to intensify in 2009 as uncertainty in the global economic and financial system is expected to persist into 2010.

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