Platinum Investing News speaks with William Rhind, Strategic Director of Business Development from ETF Securities. Platinum may have even more success on market in the future, though this will be contingent on global economic recovery, and the auto industry.
Continue reading "Market Success of Platinum Will Depend on the Auto Industry"
Monday, April 27, 2009
Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.
Continue reading "Automaker uncertainty bad news for platinum"
Tuesday, August 19, 2008
It was a tough day on the markets for the precious metals. Platinum plunged the furthest, at 6 percent, while gold dropped more than 2 percent and silver by 5 percent. The drop was instigated earlier in the session as economic worries prompted Asian traders to sell off metals.
Continue reading "Platinum gets hit by double whammy; plunges"
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Wednesday, November 24, 2010