BLBG:Gold Advances Above Platinum Prices as Global Slowdown Spurs Haven Demand
Gold prices climbed above platinum prices as concern about a global economic slowdown boosted demand for a haven and eroded the outlook for a metal used mainly in autocatalysts.
Spot gold traded at $1,889.57 an ounce, while cash platinum was at $1,887.50 an ounce by 6:35 a.m. Singapore time. Gold futures in New York were at $1,892.70 an ounce, while platinum futures were at $1,891.90 an ounce at the same time.
To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net
