Citigroup Inc. announced that it has dropped coverage of the world’s biggest platinum producers after analyst Gerhard Engelbrecht left to join Barnard Jacobs Mellet Holdings Ltd. For full story, click here
Continue reading "Citigroup has dropped platinum company coverage"
Tuesday, January 13, 2009
Platinum rebounded early in ’09, and came back into the four digits, the metal’s highest value in over 12 weeks. In 2008 the metal went on a wild ride, hitting a peak of $2,290 per ounce, and then came crashing down to a three digit value. Despite the metal starting the year on a good note, RBC capital markets has cut its platinum price forecast for the next two years.
Continue reading "Platinum rebounds despite poor fundamentals"
Tuesday, November 25, 2008
Platinum gained for a third day after a U.S. rescue of Citigroup Inc. boosted equity and commodity prices and revived investors’ confidence. For full story, click here
Continue reading "Platinum Rises as Citigroup Rescue Boosts Investors’ Confidence"
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Tuesday, April 28, 2009