Articles Tagged "market"

Braemore Resources warns of wider first-half loss

Platinum and nickel producer Braemore Resources Plc warned of a wider first-half loss stated that the recent settlement of a single old-order contract might have exposed it to market volatility around platinum group metals prices and unfavourable processing terms. For full story, click here

Equity rally bad news for platinum

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.

Eastern Platinum to release its year end results

Eastern Platinum Limited has announced that it will release year end results on Tuesday, March 31, 2009 before the market opens and will host a telephone conference call on the same day at 10:00am PDT  to discuss the results. For full story, click here

Platinum to mimic gold?

Platinum is known as "high-octane gold", for its stronger price moves and prospects for a higher upside. Platinum is essential to the economies of many industrialized nations, globally, demand for platinum is the sum of; investment demand, industrial demand, and jewellery demand.

Platinum’s rebound puzzles analysts

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

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.