Platinum Surges on Production Cut Worries

Precious metals soared as led by platinum on concerns over production cuts in South African mines. Moreover, gold price gained amid speculations that the Fed would continue its accommodative policies as Fed Chairman Ben Bernanke cautioned that the US economy is not out of woods, signaling the Fed would maintain its accommodative stance, while Japan’s Prime Minster Abe pushed for “bold monetary policy” by the BOJ.

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Platinum Surges on Production Cut Worries