Platinum was mixed on Thursday, July platinum rose $2.40 to $1,207.60 an ounce, while September palladium declined $3.35 to $239.70. The drop in the three month contract price was related to declining crude oil. Last week, prices of both platinum and palladium climbed to their highest levels since November 2008-
Continue reading "Platinum gets mixed response as crude oil drops"
Wednesday, October 15, 2008
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.
Continue reading "Battered platinum gets some relief"
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"
Wednesday, August 20, 2008
Platinum futures in Tokyo jumped on expectations that rising inflation will drive up investor demand for the commodity as a hedge. For full news, click here
Continue reading "Platinum futures jump on rising inflation"
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Thursday, June 18, 2009