Platinum Buying Quickens as Gold Allure Diminishes: Commodities

Summary: Data compiled by Bloomberg shows the stark differences between the current gold and platinum/palladium markets. Just this year for example, gold-owned through ETFs have shed 17% while platinum and palladium ETFs have risen by 31% and 17% respectively. While confidence in gold has waned considerably in the last year, platinum-group metals (PGMs) are seen as much stronger considering its unique supply and demand issues. The majority of 38 analysts surveyed in April agree that platinum/palladium will outperform gold in 2013. Read more…