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Precious metals poll puts average platinum price up 50% this year on last

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24 July 2008 @ 07:12 am EST

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Platinum is expected to trade more than 50 percent higher this year than in 2007 as supply fears from major producer South Africa boost the market, a Reuters poll showed.

The survey of 40 analysts and traders conducted over the past month delivered a mid-range price forecast for spot platinum of $2,000 an ounce...

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