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Platinum Hits Record High

Stevenson Jacobs of The Associated Press reports that Platinum for April delivery jumped $27.40 to settle at $1,797.60 an ounce on the New York Mercantile Exchange, after earlier reaching an all-time high of $1,803.80 an ounce.

Mine output disruptions continue to fuel the rally” in platinum, Jon Nadler, senior analyst for Kitco Bullion Dealers Montreal said in a research note. “With 80 percent or so of global supplies coming from the very mines affected by electricity woes, this is not a surprise.

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