Record high platinum faces consumer resistance

Newswire

By Atul Prakash LONDON, Jan 26 (Reuters) - Platinum, which surged to a record high on Thursday on strong fund buying, has more scope for gains in the coming weeks, but consumer resistance will bring prices back in the longer term, analysts said. "I don't think there is any doubt that current prices are not sustainable over the long term," said Alan Williamson, head of commodity research at HSBC Bank. The precious metal, used mainly in jewellery and to clean car exhaust fumes, has risen ...

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