Platinum At 3-1/2 Month High

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.