UNITED STATES February 25 2016 11:35 PM
NEW YORK (Scrap Register): Gold has continued to outperform platinum and silver as the yellow metal benefits from safe-haven flows in 2016, said Commerzbank.
The gold/silver ratio has climbed to over 80, its highest level since December 2008, the bank added.
“Gold is also continuing to strengthen relative to platinum and currently costs nearly $290 per troy ounce more than platinum,” said the analysts at Commerzbank.
“This is the most pronounced price differential since exchange trading of platinum was introduced in 1987,” analysts noted.
As of 9:28 a.m. EST, Nymex April platinum was at $952.40 an ounce, while Comex April gold was at $1,244.80.