Metal Futures Fall on Europe Worries
CNBC reported metals prices closed lower Wednesday on worries that the European financial crisis could deepen and slow global economic growth.
Articles Tagged "metal"
ETF Securities platinum, palladium ETC holdings rose
The amount of metal ETF Securities holds to back its London platinum and palladium exchange-traded commodities surged by 2.4 percent and 4.4 percent respectively in the week to last Friday. For full story, click here
RBCCM warned on platinum group metals
RBCCM warns on platinum group metal prices, platinum ETFs, and the pricing of the top platinum stocks, like Anglo Platinum. 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.
Platinum jewellery demand surges due to fall in metal price
Consumers are increasingly turning to platinum jewellery in preference to gold as a result of the precious metal’s recent fall in price, it has been revealed. 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.
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.
