Platinum Price Declines as Exchange-Traded Fund May Not Be Offered in U.S.

(Bloomberg) -- Platinum fell for a third day in
Asian trading following a report that ETF Securities Ltd. will
not offer an exchange-traded fund for the metal in the U.S.

ETF Securities has no plan to list a U.S.-based platinum
fund, HSBC Holdings Plc said in a report, citing Graham Tuckwell,
ETF Securities chairman. Calls to the office numbers of Tuckwell
and ETF Securities weren't answered.


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