Platinum Gains With Euro

Reuters reported platinum gained 0.6% on Monday as other precious metals and the euro rose on hope of resolution in Greece.

As quoted in the market news:

Platinum prices have climbed nearly 18 percent this year, benefiting from supply concerns in major producer South Africa.

The South African miners’ union said on Saturday Impala Platinum, the world’s second-largest platinum producer, has agreed to re-instate all 17,200 workers who were dismissed following an illegal strike.

The platinum/palladium ratio, or number of palladium ounces needed to buy an ounce of platinum, held near its 2012 high of 2.4 on Monday as platinum continued to outperform.

Click here to read the full Reuters report.