Platinum Investing News reports platinum prices doing well with GM bankruptcy. Platinum suffered major setbacks last year, as auto sales grinded to a halt. However, as shrinking auto demand sent prices on a downward spiral, the market got an unexpected boost from bullish investors and jewellers. In 2008, 47 per cent of platinum demand came [...]
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Platinum Investing News reports platinum price has rebounded this year. The metal is tracking gains in gold; as investors seek a safe haven for wealth protection. Platinum is less than half the price it was a year ago, and the price differential with gold has narrowed to almost zero. On the industrial side of things, [...]
Platinum Investing News reports platinum fell to a new low dropping below US$1000 an ounce for the first time since 2006. Platinum dropped US$96.00, or 8.8 per cent, to hit US$994 on the London Metal Exchange (LME). At its current price, platinum is down 57 per cent from its record high of US$2301.50 it hit on March 4. [...]
Platinum Investing News reports platinum prices are still low due to the weak demand. Platinum started the week on a good note; prices rose more than 3 per cent as the greenback weakened and a renewed optimism on platinum’s future market returned among analysts. For complete story, click this link. Follow developments in resource mining [...]