Platinum Prices saw staging modest recovery in 2010
Platinum prices are expected to tick up in 2010 as a bottoming out of the economic slump leads demand for the white metal to stabilise. For full story, click here
Articles Tagged "economic"
Chinese demand may support international platinum prices
Interfax-China quoted Johnson Matthey industry report strong jewelry demand from Asian countries, especially China, will support global platinum prices in the coming months, although the economic slump will slash platinum consumption in 2009 to a level below that of 2008. For full story, click here
Platinum will glitter more on strength of gold
Interest in platinum and palladium as a safe haven investment in tandem with gold may intensify in 2009 as uncertainty in the global economic and financial system is expected to persist into 2010. For full story, click here
Equity rally bad news for platinum
Monday’s equity market rally switched precious metals to a negative track. As equities rose, the precious metals were less enticing to investors, and this was reflected in their value. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce.
Is there a future with platinum?
As the economic slowdown continues to impact investors, analysts are looking at the downturn as an opportunity to buy commodities at low prices. They are recommending long-term investments in precious metals including platinum, palladium and rhodium. For full story, click here
