As Platinum Falls, Buying Opportunity on Horizon
CNBC reported as precious metals, including platinum, continue to tumble a buying opportunity is approaching.
Articles Tagged "precious metal"
Precious Metals Decline in New York
Bloomberg reports precious metals fell after a report showing unexpected growth in U.S. manufacturing bolstered optimism in the economy.
Supply Threats to Accelerate Platinum’s recovery
As platinum just start down the road to recovery, analysts are already warning that supply threats are likely to boost the metals price to new highs. Platinum prices may climb above $1,500 an ounce “in the next couple of years” as demand recovers amid supply constraints in South Africa, the world’s biggest producer, according to Banc of America Securities- Merrill Lynch.
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.
US platinum slips on dollar’s rebound,Tokyo platinum up
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.
