Project Browser
The precious-metal twins are continuing to struggle; gold against growing interest in rising equities and platinum despite Europe’s lower probability of negative events. Gold futures have slipped and platinum’s have slid at a time of indices such as the Standard & Poor’s 500, the Euro Stoxx 50, the MSCI World and the US Dollar Index climbing. Until this year, gold was seen as a solid investment; a number of hedge funds bought gold as a hedge against inflation. But inflation has yet to materialise, in spite of the economy-stoking efforts of many central banks. Hold thumbs that, in time, the quantitative-easing bubble comes to gold’s aid, and ever-reducing production to platinum’s aid.
