Platinum Rally Gathers Pace on Latest Russian Sanctions

The metal posted its best weekly advance in six months

Platinum posted its best weekly advance since January, climbing for six-straight days as the U.S. imposed further sanctions on the world’s second-biggest producer. The metal is outperforming the wider Bloomberg Commodities Index as concern about the political tension between Russia and America grows. It’s a respite for platinum amid longer-term declines, with consumers turning away from the diesel engines that use the metal to filter fumes.

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