Platinum Rises as Citigroup Rescue Boosts Investors’ Confidence
Platinum gained for a third day after a U.S. rescue of Citigroup Inc. boosted equity and commodity prices and revived investors’ confidence. For full story, click here
Platinum gained for a third day after a U.S. rescue of Citigroup Inc. boosted equity and commodity prices and revived investors’ confidence. For full story, click here
Platinum ended nearly 2 percent higher, lifted by bargain-hunting after a major producer announced mine closures. For full story, click here
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.
Platinum futures for January delivery fell $24.50, or 2.7 percent, to $820.60 an ounce on the Nymex. For full story, click here
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