SEC ruling smooths path for platinum, palladium ETFs

01/3/2010 | Reuters

London's ETF Securities is working toward the first platinum and palladium exchange-traded funds available to U.S. investors. The U.S. Securities and Exchange Commission approved a rule change that clears a path for the ETFs. Traders anticipate a surge in demand for the precious metals once the ETFs get final SEC approval. Platinum futures rose 3% and palladium futures shot up 8% after the SEC announced preliminary approval of the rule change.

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