Platinum Investing News» price

NYMEX July platinum slided $58

Melissa — Tue, 28 Apr 2009 18:32:09 +0000

NYMEX July platinum PLN9 slides $58.00, or 5.0 percent, to $1,092.30 an ounce, after hitting a session low of $1,071.10, which marked the weakest price since March 19. For full story, click here

Automaker uncertainty bad news for platinum

Melissa — Tue, 28 Apr 2009 05:23:08 +0000

Platinum declined last week; and continued the trend this Monday as uncertainty over the future of US automaker GM put the metal’s near future demand outlook into question. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal.

Platinum jewellery demand surges due to fall in metal price

Melissa — Thu, 26 Mar 2009 16:19:00 +0000

Consumers are increasingly turning to platinum jewellery in preference to gold as a result of the precious metal’s recent fall in price, it has been revealed. For full story, click here

Colossus Closes $24.7 Million Financing

Melissa — Tue, 10 Mar 2009 16:13:58 +0000

Colossus Minerals Inc. announced today the closing of its bought deal offering saying that a total of $24.7 million has been raised including 1.5 units of the over-allotment. Proceeds of the financing will mainly be used to advance the Serra Pelada gold and platinum group metal project in Brazil.

Platinum-Gold price differential comes to almost zero

Melissa — Fri, 27 Feb 2009 13:34:19 +0000

Platinum is less than half the price it was a year ago, and the price differential with gold has come down to almost zero. For full story, click here

Rand Snaps Four-Day Drop Versus Dollar as Platinum Climbs

Melissa — Thu, 19 Feb 2009 07:14:12 +0000

South Africa’s rand snapped a four- day decline against the dollar as higher prices for gold and platinum, the nation’s biggest export earners, boosted revenue prospects for the world’s largest producer of precious metals. For full story, click here

Platinum prices may be supported going forward

Melissa — Fri, 13 Feb 2009 11:34:48 +0000

Platinum prices may be supported going forward by reduced mine output in South Africa. For full story, click here

Platinum’s rebound puzzles analysts

Melissa — Wed, 11 Feb 2009 04:19:22 +0000

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.

Platinum expected to average $1,343

Melissa — Thu, 29 Jan 2009 11:30:04 +0000

Real platinum prices (in 2007 dollars) are expected to average $1,343 an ounce between 2008 and 2017, the forecast period. For full story, click here

Platinum prices are not expected to rise in 2009

Melissa — Wed, 28 Jan 2009 04:54:25 +0000

Platinum prices are not expected to rise in 2009, but as the economy perks up and automakers start selling cars again, platinum prices will rise. Before that happens, though, platinum could fall further. For full story, click here