Platinum Investing News reports platinum prices moved higher after oil prices surged on Tuesday.
Platinum was trading at US$1035.00 ounce, up US$56.50 from New York’s close. Overall, weakness in the dollar, the recovery in equities and fresh optimism over the economic outlook sparked buying of commodities in earlier trade, with oil and industrial metals all trading higher [...]
Palladium Investing News reports the recent credit crunch will slow down the use of palladium in industrial production.
Traditionally, investors feel safe buying precious metals when faced with uncertain stock market conditions, but the latest crisis in world markets have caused a ripple of sell-offs as nervous investors fear monetary losses : even “safe” commodities such [...]
Palladium Investing News reports palladium values in the world market have been affected by the auto market.
Palladium and platinum are used in catalytic converters and other auto parts: the demand for the precious metals is slackening as a result of higher gas and oil prices. Palladium spot prices now rest at a three-year low, and the [...]
Platinum Investing News reports platinum and its market prices in the fall of auto industry and the rise in greenback.
These two factors are causing platinum to continue its bearish trend. The metal has declined 12 per cent recently, as the US dollar has risen against the euro, instigating investors to pull their money out of [...]
Wednesday, October 15, 2008
0 Comments