Platinum Investing News» futures

Russia’s RTS launched platinum ETFs

Melissa Pistilli — Fri, 17 Apr 2009 17:38:05 +0000

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

Russia’s RTS exchange will launch trading in platinum futures

Melissa Pistilli — Tue, 14 Apr 2009 18:52:49 +0000

Russia’s RTS exchange has reported that it will launch trading in platinum and palladium futures contracts from April 15, adding to existing contracts on gold and silver. For full story, click here

Platinum’s future eludes analysts

Melissa Pistilli — Wed, 28 Jan 2009 10:31:03 +0000

Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.

Platinum rebounds despite poor fundamentals

Melissa Pistilli — Wed, 14 Jan 2009 02:30:34 +0000

Platinum rebounded early in ’09, and came back into the four digits, the metal’s highest value in over 12 weeks. In 2008 the metal went on a wild ride, hitting a peak of $2,290 per ounce, and then came crashing down to a three digit value. Despite the metal starting the year on a good note, RBC capital markets has cut its platinum price forecast for the next two years.

Wall St. woes hit platinum

Melissa Pistilli — 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.

Platinum futures for January delivery falls

Melissa Pistilli — Mon, 17 Nov 2008 20:58:52 +0000

Platinum futures for January delivery fell $24.50, or 2.7 percent, to $820.60 an ounce on the Nymex. For full story, click here

Battered platinum gets some relief

Melissa Pistilli — 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.

Analysts see light at the end of the tunnel for platinum

Melissa Pistilli — Tue, 30 Sep 2008 23:58:15 +0000

Platinum plunged to a new low on Tuesday, dropping below $1000 an ounce for the first time since 2006. Platinum dropped $96.00, or 8.8%, to hit $994 on the London Metal Exchange. At its current price platinum is down 57% from its record high of $2301.50 hit on March 4th.

After brief retreat, platinum falls again

Melissa Pistilli — 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.

Economic woes hit platinum

Melissa Pistilli — 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.