Monday, April 23, 2007

Platinum Futures Gain to Record in Tokyo as Demand May Increase on ETFs

(Bloomberg) -- Platinum for February delivery rose to a record in Asian trading as exchange-traded funds based on the metal may boost demand after they start trading tomorrow. Palladium was little changed.

ETF Securities Ltd. April 20 said it would list securities backed by commodities, including platinum, on the London Stock Exchange starting tomorrow. Platinum, which rose 4.5 percent last week, gained 2.4 percent on April 20, its biggest advance in almost five months. Palladium gained 2.1 percent last week.


Read more at Bloomberg Commodities News

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