Tuesday, June 26, 2007

CPM forecasts platinum to average $1,235/oz in '07

(Reuters) - Platinum should average $1,235 an ounce in 2007 with a range of $1,175 to $1,425 an ounce, commodities research and consulting firm CPM Group said on Tuesday.

Jeffrey Christian, CPM's managing director, told Reuters on the sidelines of a presentation of the CPM Platinum Group Metals Yearbook 2007 that the price of platinum had a potential to spike higher in 2007.


Read more at Reuters Africa

No comments: