Platinum Investing News reports platinum price falls to a value of 45%.
As investors have fled the platinum market, they have flocked to gold as a safe haven. Last Thursday, the momentous occasion of gold surpassing platinum occurred as gold purchases gained extra impetus as the U.S. dollar tumbled and oil rallied. Platinum demand has been fundamentally, [...]
Platinum Investing News reports platinum prices did not perform well with the current market turmoil.
As turmoil roils the global financial system, platinum has been hit hard as the economy slows and investor confidence weakens. If the global economy continues its downward spiral it is highly likely that we will witness further downside in the metal’s [...]
Palladium Investing News reports as the dollar weakens with the settling of financial markets, palladiun rallied to about $169.50 per ounce.
Palladium and platinum have both taken big hits due to the health of the auto economy. In the US, between September 2007 and September 2008, car sales fell by 26.6 per cent, and the trends [...]
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. Analysts [...]
Platinum Investing News reports price of platinum fell more than 3 % on Monday on renewed concerns about demand for the metal.
The cash price stood at $1,421.50/$1,441.50 per ounce, compared to late New York levels of $1,474.50/1,494.50. Earlier this month spot platinum briefly fell below $1,300, the lowest intraday level since mid-September 2007, amid concerns about waning [...]
Wednesday, December 17, 2008
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