Platinum Investing News» oil

Platinum prices advanced in Asian trade

Melissa — Tue, 30 Dec 2008 16:14:26 +0000

Platinum prices advanced in Asian trade after oil made a slight recovery as dollar weakened further against major currencies. For full story, click here

Platinum prices advanced in Asian trade

Melissa — Mon, 22 Dec 2008 15:09:07 +0000

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

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.

What is ahead for Platinum?

Melissa — Wed, 05 Nov 2008 04:51:30 +0000

Platinum, once prized with value due to its rarity, has become one of the worst performers of the precious metals. So far this year, the metal used as an auto catalyst has shed 46% of its value.

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.

Economic woes hit platinum

Melissa — Wed, 17 Sep 2008 03:43:23 +0000

Platinum is following the recent base metal trend, a round of selling, as fears about the health of the US economy were reignited by the Lehman Bankruptcy. Oil, base metals such as copper, European equities, and U.S. stock futures all slipped sharply on the news.

Platinum continues bearish trend

Melissa — Wed, 10 Sep 2008 03:25:12 +0000

The continuing rise of the greenback coupled with auto industry woes has hit platinum where it hurts the most- market prices. These two factors are causing platinum to continue on a bearish trend.

Platinum off to a Weak Start

Melissa — Wed, 03 Sep 2008 02:52:14 +0000

In Tokyo, Spot platinum fell more than three percent on Monday on renewed concerns about demand for the metal. The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of $1,474.50/1,494.50.

US platinum slips on dollar’s rebound,Tokyo platinum up

Melissa — Wed, 27 Aug 2008 13:05:45 +0000

Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.