(From Forbes.com via AP)
NEW YORK - Platinum and palladium prices rose on Wednesday as gains in the energy markets lured investors back into commodities. The rise in energy prices occurred as traders placed bets that Hurricane Gustav would disrupt oil production in the Gulf of Mexico. Platinum futures for October delivery rose $19.60 to settle at $1,440.70 an ounce on the New York Mercantile Exchange.
Palladium futures for December delivery rose $1.30 to settle at $289.60 an ounce. The dollar's mixed performance against other major currencies provided little direction for the precious metals market. Precious metals are often used as a hedge against a weakening dollar.
Copyright 2008 Associated Press. All rights reserved.
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1 comment:
Platinum and palladium will definitely have a bright future. It can really be a good investment.
cash for platinum
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