Platinum Market Update (March 21, 2013)

Summary: Starting the year off with a bang, platinum has cooled slightly. In the process, it has dipped back below the gold price. Last week, it briefly hit $1549 on disappointing auto sales numbers in Europe. While 2013 has been rough for platinum, it still garners a lot of interest in Asia. ETF holdings currently stand at 1,660,500 ounces, which is near the record of 1,664,400 ounces. Read more…