Platinum up 1 percent
Platinum gained more than 1 percent to follow gold but gains may not hold for long as automakers are still on the sidelines. Sonoda of Daiichi Commodities said: Automakers company haven’t entered the...
View ArticlePlatinum off to a Weak Start
In Tokyo, Spot platinum fell more than three percent on Monday on renewed concerns about demand for the metal. The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of...
View ArticleAnalysts see light at the end of the tunnel for platinum
Platinum plunged to a new low on Tuesday, dropping below $1000 an ounce for the first time since 2006. Platinum dropped $96.00, or 8.8%, to hit $994 on the London Metal Exchange. At its current price...
View ArticleWhat is ahead for Platinum?
Platinum, once prized with value due to its rarity, has become one of the worst performers of the precious metals. So far this year, the metal used as an auto catalyst has shed 46% of its...
View ArticleGold exceeds platinum in value
Platinum has shed 45 per cent of its value in just nine months. Last Friday the spot price of platinum hit a low of $812.75 per oz. Now, for this first time in 12 years gold has surpassed platinum in...
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