Platinum is known as "high-octane gold", for its stronger price moves and prospects for a higher upside. Platinum is essential to the economies of many industrialized nations, globally, demand for platinum is the sum of; investment demand, industrial demand, and jewellery demand.
Continue reading "Platinum to mimic gold?"
Tuesday, February 10, 2009
Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.
Continue reading "Platinum’s rebound puzzles analysts"
Tuesday, December 16, 2008
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 value.
Continue reading "Gold exceeds platinum in value"
Tuesday, November 4, 2008
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 value.
Continue reading "What is ahead for Platinum?"
Tuesday, September 30, 2008
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 platinum is down 57% from its record high of $2301.50 hit on March 4th.
Continue reading "Analysts see light at the end of the tunnel for platinum"
Tuesday, September 16, 2008
Platinum is following the recent base metal trend, a round of selling, as fears about the health of the US economy were reignited by the Lehman Bankruptcy. Oil, base metals such as copper, European equities, and U.S. stock futures all slipped sharply on the news.
Continue reading "Economic woes hit platinum"
Tuesday, September 2, 2008
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 $1,474.50/1,494.50.
Continue reading "Platinum off to a Weak Start"
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Tuesday, March 3, 2009