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.
Continue reading "Platinum continues bearish trend"
Wednesday, August 27, 2008
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.
Continue reading "US platinum slips on dollar’s rebound,Tokyo platinum up"
Tuesday, August 19, 2008
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.
Continue reading "Platinum gets hit by double whammy; plunges"
Monday, August 11, 2008
Platinum futures fell in Tokyo as fall in platinum this month damped concern that consumer prices will rise, reducing demand for the metal as hedge against inflation. For full news, click here
Continue reading "Platinum futures decline on waning inflation outlook"
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Tuesday, September 9, 2008