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Tag: platinum price

Platinum Price Drops to Six-year Low

Platinum made headlines on Monday as its price fell to a six-year low. According to the The Wall Street Journal, platinum for July delivery fell 0.8 percent, to $1,088.60 per troy ounce, on the New York COMEX, the lowest since March 2009.

5 Top Precious Metals Articles in May

There’s always a lot of buzz surrounding the precious metals space, and May was no different. Here the Investing News Network looks at the five top precious metals articles for the month of May, summarizing them for those who may have missed them the first time around.

Platinum Price at 6-week High reported that Platinum pric in New York advanced to the highest level in six weeks on Monday, attributed largely to stronger gold price and reports indicating that the PGM market will remain in deficit.

Platinum a Top Pick in the Precious Metals Space

A recently published article from Karim Rahemtulla of Wall Street Daily suggested that platinum could be the best buy in the metals sector. He argued that a lack of supply and rising demand in the future would help support platinum prices.

Why is Platinum Cheaper Than Gold?

While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold. William Tankard, director of precious metals and mining at Thomson Reuters, pointed first to supply-side factors that are driving platinum’s fall.

Morgan Stanley PGM Price Outlook

The platinum price has dropped roughly 5.7 percent, or $69, since the start of the year, and at $1,143 per ounce, the white metal is now cheaper than gold. Still, Tom Price and Joel Crane at Morgan Stanley believe things might not be looking so bad for platinum in the

Palladium ETFs Suffer Big Outflows

Reuters reported that last week, palladium-backed ETFs saw their biggest outflows since August 2014. That week the palladium price fell as gold, silver and platinum prices rose — that’s in contrast to “the trend of the last two years.”

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