Platinum Hits Six Week High

Reuters reported platinum prices jumped nearly 2 percent on Monday on heavy speculative buying on news of ongoing violence at mines in South Africa.

As quoted in the market news:

Investors bought platinum on worries that mines in South Africa may produce less of the metal after 44 people were killed during a strike at the Marikana mine owned by Lonmin, which accounts for 12 percent of global platinum output.

Click here to read the full Reuters report.