Financial spread betting strategy on platinum prices
Precious metals are up across the board on the commodities market today, and platinum especially should be considered in financial spread betting strategy. The metal is uniquely posed to grow over the next few years as demand in China increases. As a rising middle class begins to afford cars, more platinum will be needed for car parts, like catalytic converters. Bloomberg reports on the increasing demand by the fledgling Chinese auto industry:
``The potential for growth in China is adding to the market bullishness,'' said James Moore, an analyst at London-based TheBullionDesk.com. ``Auto sales in China are very much in their infancy.''
