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.
Continue reading "Wall St. woes hit platinum"
Tuesday, November 18, 2008
A firmer yen against the U.S. dollar spurred buying in platinum ahead of the release of a supply and demand report by refiner Johnson Matthey. For full story, click here
Continue reading "Buying spurred in platinum"
Friday, November 14, 2008
Platinum prices will move downward for the rest of 2008 toward $700/oz as industrial demand continues to slump, bringing the annual average to $1,550—which still is higher than the $1,300 average of 2007. For full story, click here
Continue reading "Platinum annual average to be $1,550"
Wednesday, October 15, 2008
Platinum prices advanced further Tuesday after surging oil prices boosted the precious metal’s appeal as a hedge against inflation. Overall weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade.
Continue reading "Battered platinum gets some relief"
Tuesday, September 30, 2008
Platinum plunged to a new low on Tuesday, dropping below $1000 an ounce for the first time since 2006. Platinum dropped $96.00, or 8.8%, to hit $994 on the London Metal Exchange. At its current price platinum is down 57% from its record high of $2301.50 hit on March 4th.
Continue reading "Analysts see light at the end of the tunnel for platinum"
Tuesday, September 23, 2008
Platinum started the week off on a good note, prices rose more than 3 percent as the greenback weakened and a renewed optimism on platinum’s future market returned to analysts.
Continue reading "After brief retreat, platinum falls again"
Tuesday, September 9, 2008
The continuing rise of the greenback coupled with auto industry woes has hit platinum where it hurts the most- market prices. These two factors are causing platinum to continue on a bearish trend.
Continue reading "Platinum continues bearish trend"
Monday, September 8, 2008
Platinum futures for October delivery lost $34.40 to settle at $1,367.80 an ounce on the New York Mercantile Exchange on Friday. For more information, click here
Continue reading "Platinum prices decline"
PlatinumInvestingNews.com maintains a focus on Platinum exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Platinum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on platinum trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Tuesday, November 18, 2008