Palladium Investing News reports palladium seems to be the only precious metal on a steady positive track.
However, palladium’s near term outlook remains bleak, as news out of Europe showed new car registrations declined 18 per cent in February. For the palladium market, automotive catalysts are the largest consuming sector, accounting for 63 per cent of demand. Electronic equipment [...]
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, the [...]
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, [...]
Palladium Investing News reports palladium price has been hit hard with the poor economy.
With bleak economic prospects on the horizon, over the next six months, prices of precious metal palladium will likely be near 12-year lows of $125 an ounce. The world’s top platinum refiner Johnson Matthey estimated in an interim review that the palladium [...]
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 [...]
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 platinum prices moving along with base metal trend due to Lehman Brothers and Merrill Lynch filing for bankruptcy protection.
Oil, base metals such as copper, European equities, and U.S. stock futures, all slipped sharply on the news. Although platinum is technically classified as a precious metal, due to its majority use as an auto [...]
Thursday, March 26, 2009
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