Platinum Market Update (April 19, 2012)
A brief overview of platinum price developments, supply and demand, and significant market movers.
Articles Tagged "platinum market"
Platinum Market Update (March 15, 2012)
A brief overview of platinum price developments, supply and demand, and significant market movers.
Commodities Rise on Hope of Avoiding Greek Default
Huffington Post Business reports that most commodity prices rose Tuesday on hopes that Greece will be able to avoid a default on its debt.
Platinum Prices on Shaky Ground
The perfect storm has hit platinum in the wake of the Japanese earthquake and geopolitical events in the Middle East and North Africa regions. The impact of these events are specific to the platinum market in one regard: automotive demand. Nearly 40 percent of total platinum demand comes from the auto industry.
Platinum’s appeal boosted by Portugal vote
Reuters reports a rise in platinum prices as the precious metal was bid at $1,741.75 an ounce from $1,732.00 today.
Jasco, Wesizwe Platinum, William Tell: South African Equity Market Preview
Bloomberg reports on South African companies whose stock is likely to rise or fall soon.
Post Interlude: How To Invest During The Curtain Call Of The Market Rebound
Forbes suggests that the current recovery is a good time to invest in items that will appreciate over time like platinum.
Platinum Riding High
Platinum prices hovered around US$1,530 per ounce again Monday. Stuck between US$1,500 and US$1,600 since mid-May, analysts are predicting demand for platinum – used in everything from cars, to computers and cell phones – could be heating up and prices could be on the rise.
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’s future eludes analysts
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
