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Gold Loss to Platinum Widening for Best Forecasters: Commodities

In a year when almost all metals are falling, record car sales and mining strikes mean the best forecasters are favoring platinum over gold as investors lose faith in bullion as a store of value.

Platinum prices that were lower than gold in April, when bullion entered a bear market, cost 11 percent more on July 15, the most in almost two years. The current 8.5 percent premium will expand to an average 19 percent in the fourth quarter, according to estimates from the five most-accurate precious metals analysts tracked by Bloomberg over the past two years. Investors own a near-record amount in platinum exchange-traded products as gold holdings slumped to a three-year low.