UNITED KINGDOM May 04 2017 10:30 AM
LONDON (Scrap Register): Commerzbank pointed out that the spread between platinum and other precious metals reflects the recently weaker tone in platinum.
Analysts noted that as platinum prices recently hit a four-month low around $920 an ounce, prior to the start of trade in New York on Wednesday, gold’s premium over platinum widened to around $330.
According to Commerzbank, this constitutes the biggest difference in price since last October. And because palladium was able to defend its price level, the gap between platinum and palladium prices narrowed to only $100 per troy ounce.