Platinum ETFs See Cash Surge as South Africa Bets on Rebound
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At a time when investors are bailing on most commodities, money is steadily flowing to platinum funds.
Exchange-traded products tracking the metal have seen assets rise to 88.6 metric tons, near a one-year high and about 1 percent from a record, data compiled by Bloomberg show. Funds in South Africa, where most of the world’s platinum is mined, saw the biggest increase in assets.