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    market news

    Platinum At 3-1/2 Month High

    Investing News Network
    Aug. 22, 2012 11:32AM PST
    Precious Metals

    Reuters reported platinum rose to a 3-1/2 month high on Wednesday, climbing 1 percent on supply fears due to signs of spreading labor unrest in top producer South Africa.

    Reuters reported platinum rose to a 3-1/2 month high on Wednesday, climbing 1 percent on supply fears due to signs of spreading labor unrest in top producer South Africa.

    As quoted in the market news:

    Platinum rallied for a fifth straight day as investors are betting that low wages, poor living conditions and income disparities could generate fresh violence in South Africa mines which have around 80 percent of the world’s platinum reserves.

    Click here to read the full Reuters report.

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