Physical Platinum, Palladium ETFs Soar Along With Prices
Tuesday, April 6th, 2010Tom Lydon submits:
It’s interesting what a little good news can do. Precious metals traders became a little more optimistic about the recovery as reassuring economic data come forth, pushing up palladium and platinum ETFs.
Palladium and platinum rallied as the dollar declined against a basket of global currencies, which made the two metals more attractive to overseas buyers, reports Sandy Shore for the Associated Press. Palladium closed at $508 an ounce Monday, crossing the $500 per ounce mark for the first time since March 2008, and platinum ended at $1,703.80 an ounce.
