Articles Tagged "platinum prices"

Platinum Prices Rose Above $1,550 per Ounce in August

Platinum Today released its August 2013 Price Report, commenting that platinum began the month at $1,439 per ounce before concerns about Syria brought it above $1,550 in Asian trading in late August. The metal ultimately ended the month at $1,521 following positive GDP growth in the United States.

Platinum Prices May be Set for 11-percent Jump

Mineweb reported that platinum prices have risen over their 200-day moving average and from there may increase 11 percent to hit their highest level since February, according to TD Securities.

Analysts Favoring Platinum Over Gold

Bloomberg reported that as a result of record car sales and mining strikes, many analysts believe that platinum is a better investment than gold. As the year progresses, the metal's premium to gold, which is currently at 8.5 percent, is expected to increase to 19 percent.

Watch These Three Platinum Projects, Says Johnson Matthey’s Cowley

Platinum Today reported that "relatively low" prices for platinum group metals and a rising cost base are together putting pressure on the platinum sector, according to Alison Cowley of Johnson Matthey. She believes good prospects for demand are coming, but thinks that those in the industry need to focus on where production will come from in the future.