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
On the London Platinum Market, platinum gained to $876 an ounce at the late fixing from $812 a week earlier. For full story, click here
Platinum rose after losing as much as 9.4 percent and on expectations for reduced supply offset concerns about falling demand from the global automotive industry. For full story, click here
On the London Platinum Market, platinum gained to $876 an ounce at the late fixing from $812 a week earlier. For full story, click here
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
The correction for many commodities seems overdone. Platinum is materially below the marginal cost of production. For full story, click here
Impala Platinum Holdings Co. jumped 10 percent to $10.53. 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
Prices for platinum, which 18th-century French monarch Louis XV is said to have called the only metal fit for a king, have fallen 66 percent from their high in March of $2,276 per ounce to as low as $769 last week. 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
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