Articles Tagged "markets"

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-

Platinum has moved progressively lower in overseas market

Platinum has moved progressively lower in the overseas markets, but really hit the wall just after New York opened, dipping $20 in an hour before going flat for the rest of the day and ending at $1115, down $32. Overnight, platinum has edged higher. For full story, click here

Platinum’s alternative investment appeal

Platinum is on track for the best quarter in over a year, as demand for the metal as an alternative to gold has nudged prices up 23 per cent. Platinum’s premium to gold stood at $213.15 an ounce yesterday, compared with $1,041.83 a year ago.

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.

Platinum prices reduced in New York

Along with most other precious metals, the price of platinum was seen lower in New York, after equities markets experienced gains, this Monday. Platinum for April delivery ended the session in New York down $14.20 to $1,049.40 per troy ounce. For full story, click here