Platinum Investing News» explorers

Equity rally bad news for platinum

Melissa — Wed, 18 Mar 2009 13:58:13 +0000

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.

Wall St. woes hit platinum

Melissa — Wed, 19 Nov 2008 04:37:23 +0000

Platinum has been on a steady downgrade, falling since trading at a record $2,301.50 an ounce in March. A poor economic outlook eroding demand for jewelry and cars is responsible for the metal's flop.

Economic woes hit platinum

Melissa — Wed, 17 Sep 2008 03:43:23 +0000

Platinum is following the recent base metal trend, a round of selling, as fears about the health of the US economy were reignited by the Lehman Bankruptcy. Oil, base metals such as copper, European equities, and U.S. stock futures all slipped sharply on the news.

Introduction to Commodities Investing

Melissa — Wed, 06 Aug 2008 17:19:03 +0000

As with most investments there are risks and rewards associated with commodity investing, often in lock-step. Many investors hire experts to manage their money rather than doing the investigation required to increase the chances for success. But...