Platinum Investing News» investing news

Currency Wars

Melissa West — Mon, 25 Apr 2011 16:38:40 +0000

Resource Investor reports that the international monetary system is stacked in favor of the United States.

Equity rally bad news for platinum

Melissa — Wed, 18 Mar 2009 13:58:13 +0000

Monday’s equity market rally switched precious metals to a negative track. As equities rose, the precious metals were less enticing to investors, and this was reflected in their value. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce.

Platinum’s rebound puzzles analysts

Melissa — Wed, 11 Feb 2009 04:19:22 +0000

Platinum has bounced more than 30 percent since plunging to a five-year low of approximately $732 an ounce in October. This ascent is occurring despite the absence of physical buying from the industrial sector. This rebound, without appropriate technical recovery is puzzling analysts.

Platinum’s future eludes analysts

Melissa — Wed, 28 Jan 2009 10:31:03 +0000

Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.

Platinum rebounds despite poor fundamentals

Melissa — Wed, 14 Jan 2009 02:30:34 +0000

Platinum rebounded early in ’09, and came back into the four digits, the metal’s highest value in over 12 weeks. In 2008 the metal went on a wild ride, hitting a peak of $2,290 per ounce, and then came crashing down to a three digit value. Despite the metal starting the year on a good note, RBC capital markets has cut its platinum price forecast for the next two years.

Gold exceeds platinum in value

Melissa — Wed, 17 Dec 2008 03:42:01 +0000

Platinum has shed 45 per cent of its value in just nine months. Last Friday the spot price of platinum hit a low of $812.75 per oz. Now, for this first time in 12 years gold has surpassed platinum in value.

Wall St. woes hit platinum

Melissa — Wed, 19 Nov 2008 04:37:23 +0000

Platinum has been on a steady downgrade, falling since trading at a record $2,301.50 an ounce in March. A poor economic outlook eroding demand for jewelry and cars is responsible for the metal's flop.

Platinum’s rollercoaster ride

Melissa — Wed, 22 Oct 2008 02:40:58 +0000

Platinum was up on Monday, reversing some of last weeks huge losses. The metal used in the auto industry continued its rise on Tuesday, but later in the day experienced losses. Platinum’s rise from its 3 1/2 year low came as crude oil prices advanced, encouraging investors to buy commodities including precious metals.

Battered platinum gets some relief

Melissa — Wed, 15 Oct 2008 07:58:38 +0000

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.

Analysts see light at the end of the tunnel for platinum

Melissa — Tue, 30 Sep 2008 23:58:15 +0000

Platinum plunged to a new low on Tuesday, dropping below $1000 an ounce for the first time since 2006. Platinum dropped $96.00, or 8.8%, to hit $994 on the London Metal Exchange. At its current price platinum is down 57% from its record high of $2301.50 hit on March 4th.