The £70m Mercury Gold & General Fund is benefiting from strong platinum and palladium prices, which ...
The £70m Mercury Gold & General Fund is benefiting from strong platinum and palladium prices, which are being complemented by the weak South African rand. Managed by Graham Birch, of Merrill Lynch Investment Managers, 14.5% of the unit trust is invested in platinum mines, with key holdings being Impala and Anglo American. He is expecting forthcoming half yearly results from these companies to be spectacular, following rallies in the price of platinum and palladium. Palladium reached an all time high of $800oz earlier this year and is now trading at around $750oz. Platinum is now at arou...
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