Platinum rises amid investor expectations that economy may be improving
The Canadian Press.com reports that platinum was up on Tuesday, signalling perhaps that investors feel that the economy might be improving.
Articles Tagged "industrial metals"
Battered platinum gets some relief
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.
After brief retreat, platinum falls again
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.
Platinum Plummets
Auto market woes extend to platinum, pushing it to a six month low. It was just last March that platinum reached a record high of $2,290 per ounce- as power shortages in primary producer South Africa disrupted mining and triggered supply worries. Now, platinum has gone through a catastrophic drop as poor auto sales plague the market.
