Reuters reported on precious metals trading on Monday as demand eased lowering the price of platinum.
As quoted in the market news:
The platinum/palladium ratio, which measures the number of palladium ounces needed to buy an ounce of platinum, reached its highest in two and a half months on Monday at 2.49, as platinum outperformed.
It is seen as more vulnerable than other precious metals to supply issues as costs rise and production falls in main producer South Africa.
Anglo American Platinum, the world’s top platinum producer, warned on Monday that first-half earnings would fall more than 20 percent, hit by lower sales and falling prices.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.