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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...

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Platinum 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...

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Analysts 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...

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What 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...

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Gold 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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