Precious Metals and Mining Stocks
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Articles Tagged "investing in platinum"
Canada March Industrial and Raw Materials Prices
Bloomberg reports that in March, the Industrial Product Price Index (IPPI) rose 0.9% and the Raw Materials Price Index (RMPI) grew a substantial 5.7%.
Grains, beans climb on weather-related concerns
CNBC.com reports that as grains and beans climb as precious metals fall.
Duet Group’s Commodities Fund Returns 6.5% After Energy Gain
Bloomberg reports that Duet Group’s Duet Commodities Fund rose 6.5 percent last month after energy prices gained.
Platinum’s appeal boosted by Portugal vote
Reuters reports a rise in platinum prices as the precious metal was bid at $1,741.75 an ounce from $1,732.00 today.
Supply Threats to Accelerate Platinum’s recovery
As platinum just start down the road to recovery, analysts are already warning that supply threats are likely to boost the metals price to new highs. Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.
Platinum gets mixed response as crude oil drops
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-
