Fixing in London on 14th April at $1,222/oz, platinum was at its highest price since September 2008. But news of the impending bankruptcy of the Chrysler car company punctured sentiment, and by 1st May it had slipped back to $1,076/oz, its lowest since mid-March.
For full story, click here
A proposal for the first-ever U.S. exchange traded platinum fund would give the white metal a shot in the arm and fill some of the void left by lower demand from the beleaguered auto sector.
For full story, click here
ETF Securities declared the amount of metal it holds to back its Physical Platinum exchange-traded commodity dipped 5.7 percent in the week to May 8.
For full story, click here
The amount of metal ETF Securities holds to back its Physical Platinum exchange-traded commodity dipped 5 percent on April 30.
For full story, click here
The amount of metal ETF Securities holds to back its London platinum and palladium exchange-traded commodities surged by 2.4 percent and 4.4 percent respectively in the week to last Friday.
For full story, click here
RTS has reported to launch trading in platinum and palladium futures contracts on FORTS, RTS derivatives section, complementing the established trading in gold and silver.
For full story, click here
ETF Securities reported to have filed for approval with the U.S. Securities and Exchange Commission of two exchange-traded funds that would give U.S. investors their first opportunity to gain exposure to platinum and palladium through ETFs.
For full story, click here
A unit of London’s ETF Securities announced that it has filed with the Securities and Exchange Commission to register platinum and palladium trusts in the United States.
For full story, click here
ETF Securities announced that holdings of its platinum-backed exchange traded commodity jumped 87 percent to 321,369 ounces in the first quarter of 2009.
For full story, click here
Platinum is a rare commodity which is facing a price crash in the recent past despite gold’s soaring demand. However, platinum remains a favourite metal for investors to put their money in. But several investors are not aware of platinum exchange traded funds, which are becoming popular among investors in foreign nations now.
For full story, [...]
Monday, June 1, 2009