Platinum down by 3 percent while Gold bounces on oil-led buying

email Email  Print Print  
Mon, Sep 1, 2008
Platinum Market News
Post by Melissa Pistilli, Platinum Reporter

Platinum fell more than 3 percent on concerns about falling demand for autocatalysts, while Gold bounced on Monday on speculative buying driven by higher oil ahead of Hurricane Gustav.

Manager of precious metals at Heraeus Ltd in Hong Kong, Dick Poon said:

There’s some resistance on the top side. I think it’s mostly related to strong U.S. dollar. The market is still consolidating right now around $800 to $850.

For more infromation, click here

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Comments on this Article

1 Trackbacks For This Post

  1. Pages tagged "investing" Says:
    September 1st, 2008 at 12:50 pm

    [...] bookmarks tagged investing Platinum down by 3 percent while Gold bounces on o… saved by 1 others     SreyTaevy bookmarked on 09/01/08 | [...]

Leave a Comment

What is Platinum Investing News' Comment Policy?
Platinum Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Platinum Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Platinum Price Chart
Asides

Information