Friday, 27 July 2007

Platinum ETFs fail to stir market, seen supportive

(Reuters) - Platinum exchange-traded funds (ETFs) have failed to boost the thinly-balanced market or attract huge investment in the first three months, but will continue to underpin prices in the long run, analysts say.

The trading rule of 'buy the rumour, sell the fact' has been true for the metal, with prices setting historic highs in November on mere talk of an ETF launch but hovering in a broad range below the peak after their listings in April and May.


Read more at Reuters Africa

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