(OILPRICE) — Platinum is, like silver, both an investment product and an industrial metal.
In the same way, it can move out of direct linkage with gold if industrial demand is pulling or pushing the price counter to financial or political news.
Such has been the case in recent months as the platinum/gold spread has narrowed to below $100 per ounce. The narrowing has been more down to gold’s falls than platinum’s rise, it’s true, but the relative support for platinum gives some indication to where prices may go in 2013.
Platinum demand has been relatively muted; the four principal demand areas have not individually been strong these last 6 months, but neither have they weakened further over the year.