Platinum soars on Bush call for fuel cell funding

Newswire

By Steven Swindells LONDON, Jan 30 (Reuters) - Platinum soared to its highest price in nearly 17 years on Thursday, boosted by U.S. President George W. Bush's call for more research into fuel cell technology. Spot platinum traded at $673.00 an ounce, hitting levels not seen since September, 1986 and marking a rally that has taken the white metal from under $450.00 last year. Bush called in his State of the Union speech on Tuesday for $1.2 billion to develop hydrogen-powered vehicles ...

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