Reuters reported that precious metals were mixed with gold holding steady as platinum and silver fell on slowed demand in China an a weaker dollar.
Bloomberg reported metals futures climbed after the dollar’s drop boosted the appeal of raw materials as alternative investments.
Mineweb reported Zimbabwe's President, Robert Mugabe, is rumoured to be in poor health, and the country's platinum miners are hoping for change.
SMH reported precious metals rose on demand for a haven amid persistent concerns that Europe's debt crisis will hinder the global economy.
International Business Times reported it was a rocky start in the precious metals' today on slumping equity markets and a stronger US dollar.
CNBC reports industrial metals are a key ingredient in the modernization of the developing world.
CNBC reports that industrial metals were up today after Federal Reserve Chairman Ben Bernanke said the Fed is ready to provide a stimulus again if needed.
The Canadian Press.com reports that platinum was up on Tuesday, signalling perhaps that investors feel that the economy might be improving.
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.
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.
Thursday, December 15, 2011