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, December 2, 2008
The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.
Continue reading "Greenback’s gain triggers precious metals sell-off"
Wednesday, October 15, 2008
Platinum prices advanced further Tuesday after surging oil prices boosted the precious metal’s appeal as a hedge against inflation. Overall weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade.
Continue reading "Battered platinum gets some relief"
Tuesday, September 23, 2008
Platinum started the week off on a good note, prices rose more than 3 percent as the greenback weakened and a renewed optimism on platinum’s future market returned to analysts.
Continue reading "After brief retreat, platinum falls again"
Tuesday, September 9, 2008
The continuing rise of the greenback coupled with auto industry woes has hit platinum where it hurts the most- market prices. These two factors are causing platinum to continue on a bearish trend.
Continue reading "Platinum continues bearish trend"
Wednesday, August 27, 2008
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.
Continue reading "US platinum slips on dollar’s rebound,Tokyo platinum up"
Tuesday, August 26, 2008
Platinum prices declines on Monday as US dollar resumed its rebound against the euro and the pound. For more information, click here
Continue reading "Platinum declines as dollar gains against euro"
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"
Tuesday, August 12, 2008
Platinum fell to $1,475/1,490 an ounce from 1,517/1,537 an ounce, having hit an intraday low of $1,468. For more information, click here
Continue reading "Platinum on 8 month low due to dollar"
PlatinumInvestingNews.com maintains a focus on Platinum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on platinum trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Tuesday, December 16, 2008