However, in early afternoon trading the gold price surrendered a significant portion of its gains, sliding back down to $1,725 per ounce. Weakness in the gold price coincided with a rebound in the broader equity and commodities markets as risk aversion subsided.
Not only has the gold price posted yet another series of new record highs in recent days, but it has also surpassed the price of platinum for the first time since 2008. The platinum price rallied back toward $1,750 per ounce today after sinking as low as $1,707 early Tuesday morning.
http://www.goldalert.com/2011/08/gold-price-surpasses-platinum-for-first-time-since-2008/