Platinum investors are buying shares of a stock for the first time in six months after a string of high-profile exits.
Platinum investors are watching the market like they’ve never watched it before, and they’re looking for a pick-me-up, according to analysts at Goldman Sachs.
Goldman said platinum investors are looking to cash in on the recent gains in the value of their holdings.
The number of platinum investors surged from 2,600 in January to almost 4,000 in June.
Gold miners’ share price jumped from $3,800 to $4,900.
Gold has surged since January to $13,800, up from $9,400 a year ago, according the market tracking firm FactSet.