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.
Continue reading "Platinum rebounds despite poor fundamentals"
Tuesday, December 30, 2008
Platinum prices advanced in Asian trade after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
Continue reading "Platinum prices advanced in Asian trade"
Wednesday, December 24, 2008
The platinum market is forecast to be in deficit by 2,40,000 oz in 2008. Demand is set to fall by 2.3 per cent to 6.52 million oz, while supply of the white metal is likely to slip 4.2 per cent to 6.28 million oz – the lowest since 2003. For full story, click here
Continue reading "Platinum market is forecast to be in deficit by 2,40,000 oz"
Monday, December 22, 2008
Platinum prices advanced in Asian trade on Monday after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here
Continue reading "Platinum prices advanced in Asian trade"
Tuesday, December 16, 2008
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.
Continue reading "Gold exceeds platinum in value"
Tuesday, December 2, 2008
The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.
Continue reading "Greenback’s gain triggers precious metals sell-off"
Wednesday, November 26, 2008
Research and Markets has announced the addition of the “Research on China Tungsten Market and Xiamen Tungsten Co., Ltd.” report to their offering. For full story, click here
Continue reading "Research Report on China’s Tungsten Market"
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"
Tuesday, September 30, 2008
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.
Continue reading "Analysts see light at the end of the tunnel for platinum"
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Tuesday, January 13, 2009