Sunday, April 15, 2007

Platinum Rises Near Five-Month High on ETF Plan; Tokyo Futures at Record

(Bloomberg) -- Platinum prices rose for a second day to their highest in almost five months in Asia on speculation demand will exceed supply after the introduction of an exchange- traded fund. Platinum futures in Tokyo reached a record high.

Zuercher Kantonalbank, the biggest of Switzerland's 24 government-controlled cantonal lenders, will introduce exchange- traded funds (ETFs) for three precious metals, including platinum, the bank said in a statement on April 13.


Read more at Bloomberg Commodities News

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