Gold Price Pulls Ahead of Platinum



Jewelers couldn’t believe their eyes in early August when the price of gold temporarily topped the price of the traditionally more expensive platinum.At press time, the two metals were roughly at parity, with gold trading at $1,818 an ounce and platinum at $1,850.“We have seen gold approaching platinum for some time now,” says Mark Danks, sales and marketing manager for Johnson Matthey, which monitors the platinum business. “Platinum has been relatively stable compared to gold.”Naturally, Platinum Guild International execs are hoping the gold price spike will spur sales of jewelry’
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