(Bloomberg) -- Platinum rose amid speculation that
demand from exchange-traded funds for the metal used in auto-
catalysts and jewelry will be higher than expected.
Zuercher Kantonalbank, a state-controlled Swiss lender,
introduced funds, known as ETFs, for platinum, palladium and
silver earlier this month. The funds have investment equal to
25,000 ounces of platinum, and 133,000 ounces of palladium,
according to a report from HSBC Securities (USA) Inc.
Read more at Bloomberg Commodities News
demand from exchange-traded funds for the metal used in auto-
catalysts and jewelry will be higher than expected.
Zuercher Kantonalbank, a state-controlled Swiss lender,
introduced funds, known as ETFs, for platinum, palladium and
silver earlier this month. The funds have investment equal to
25,000 ounces of platinum, and 133,000 ounces of palladium,
according to a report from HSBC Securities (USA) Inc.
Read more at Bloomberg Commodities News
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