17
July
Platinum Gains on Goldman’s Buy Recommendation; Palladium Rises
17 July 2009 Bloomberg.com
Platinum futures rose after Goldman Sachs Group Inc. recommended buying the metal, used mostly for emissions-control parts in cars. Palladium also climbed.
Goldman advised investors to buy platinum futures for January delivery because increased automobile production “will likely expose South African supply problems again during the second half of 2009.” The metal has dropped 40 percent in the past year as global car sales plunged.
http://www.bloomberg.com/apps/news?pid=20601012&sid=asghpZkeNvIc
