Platinum Investing News» dollar

Gold exceeds platinum in value

Melissa — Wed, 17 Dec 2008 03:42:01 +0000

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.

Greenback’s gain triggers precious metals sell-off

Melissa — Wed, 03 Dec 2008 04:37:44 +0000

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.

Battered platinum gets some relief

Melissa — Wed, 15 Oct 2008 07:58:38 +0000

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.

After brief retreat, platinum falls again

Melissa — Wed, 24 Sep 2008 03:10:41 +0000

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.

Platinum continues bearish trend

Melissa — Wed, 10 Sep 2008 03:25:12 +0000

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.

US platinum slips on dollar’s rebound,Tokyo platinum up

Melissa — Wed, 27 Aug 2008 13:05:45 +0000

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.

Platinum declines as dollar gains against euro

Melissa — Tue, 26 Aug 2008 09:28:35 +0000

Platinum prices declines on Monday as US dollar resumed its rebound against the euro and the pound. For more information, click here

Platinum gets hit by double whammy; plunges

Melissa — Wed, 20 Aug 2008 02:45:08 +0000

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.

Platinum on 8 month low due to dollar

Melissa — Tue, 12 Aug 2008 07:02:00 +0000

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