ETF Securities' platinum holdings jump in Q1
LONDON, April 1
LONDON, April 1 (Reuters) - ETF Securities said holdings of its platinum-backed exchange traded commodity (PHPT.L) jumped 87 percent to 321,369 ounces in the first quarter of 2009.
The amount of metal backing its palladium-backed product (PHPD.L) rose 64 percent in the same period, it said.
Interest in exchange-traded funds has soared in recent months as investors seek the safety of physically backed assets amid volatility in other markets. (Reporting by Jan Harvey; Editing by Sue Thomas)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.