Platinum Investing News» ounce

Angloplat Expects Higher Output for 2010

Mike Rodger — Thu, 20 May 2010 22:57:46 +0000

Anglo Platinum, world’s top platinum producer, although expected that there will be an undersupply of of platinum in 2010 has deemed otherwise. Now the company expects to produce more than its forecasted 2.5 million ounces of platinum this 2010. Chief executive of Anglo Platinum, Neville Nicolau is quoted saying: “We have had as a strategy [...]

July PLNR dipped $17.90

Melissa Pistilli — Wed, 17 Jun 2009 17:08:50 +0000

July PLN9 dipped $17.90, or 1.5 percent, at $1,203 an ounce, taking the lead from weaker crude oil. For full story, click here

Spot Platinum closed at $1,264

Melissa Pistilli — Wed, 10 Jun 2009 15:33:00 +0000

Spot platinum at $1,264 an ounce, up 1.4 percent from its previous session. For full story, click here

July platinum surged $25.60

Melissa Pistilli — Mon, 04 May 2009 19:31:18 +0000

July platinum surged $25.60 to $1,122 an ounce. For full story, click here

NYMEX July platinum strengthened $12.40 cents

Melissa Pistilli — Wed, 08 Apr 2009 17:47:46 +0000

NYMEX July platinum strengthened $12.40 cents to $1,187.40 an ounce. For full story, click here

Greenback’s gain triggers precious metals sell-off

Melissa Pistilli — Wed, 03 Dec 2008 04:37:44 +0000

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.

Wall St. woes hit platinum

Melissa Pistilli — Wed, 19 Nov 2008 04:37:23 +0000

Platinum has been on a steady downgrade, falling since trading at a record $2,301.50 an ounce in March. A poor economic outlook eroding demand for jewelry and cars is responsible for the metal's flop.

Battered platinum gets some relief

Melissa Pistilli — 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.

Analysts see light at the end of the tunnel for platinum

Melissa Pistilli — Tue, 30 Sep 2008 23:58:15 +0000

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.

After brief retreat, platinum falls again

Melissa Pistilli — Wed, 24 Sep 2008 03:10:41 +0000

Platinum started the week off on a good note, prices rose more than 3 percent as the greenback weakened and a renewed optimism on platinum’s future market returned to analysts.