Platinum Gains As Gold And Silver Drop

May 21, 2009 · Posted in Platinum Coin News · Comment

May 21- Gold had it's biggest drop this month in New York, ending a four-day rally, as gains in global equity markets lessened the appeal of precious metals as an alternative asset. Silver also declined, while platinum prices rose. The price of Platinum rose, making a rebound from a drop last week of 3.3 percent, as the improved economic situation fueled investor speculation that their will be an increase in demand for platinum, which is used in pollution-control equipment in motor vehicles.

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