Articles Tagged "spot"

Spot platinum declines

Spot platinum fell to $1,048.50/1,058.50 an ounce from $1,066. For full story, click here

Greenback’s gain triggers precious metals sell-off

The sharp retreat of the stock market, combined with a higher US dollar has triggered a broad sell-off in the precious metals. Spot platinum slipped to a session low of $794.50 an ounce, down 8.8 per cent from $871.50 an ounce late on Friday.

Spot platinum quoted at $860.50/880.50 an ounce

Spot platinum quoted at $860.50/880.50 an ounce, slightly up from $853 late on the earlier session. The industrial precious metals have suffered more from the economic downturn than gold, with platinum and palladium, which are chiefly used in catalytic converters, both dropping significantly from their summer highs. For full story, click here