Sunday, April 29, 2007

Platinum Rises Amid Speculation Demand Will Rise; Palladium Little Changed

(Bloomberg) -- Platinum rose in Asian trade today amid continuing speculation that new exchange-traded funds for precious metals will boost demand. Palladium was little changed.

Zuercher Kantonalbank, Switzerland's biggest government- controlled cantonal lender, will introduce ETFs for platinum, palladium and silver on May 10. ETFS Physical Platinum was introduced in London last week by Channel Islands-based ETF Securities Ltd.


Read more at Bloomberg Commodities News

No comments: