Platinum Holds Near Two-Month High

Reuters reported platinum on Tuesday hovered just below a two-month peak hit in the previous session as concerns over supply from top producer South Africa festered.

As quoted in the market news:

Lonmin , the world’s third-largest platinum producer, conceded that sacking 3,000 workers at its Marikana mine could lead to more violence, after deadly clashes last week killed dozens.

Spot platinum had lost 0.1 percent to $1,485.10 an ounce by 0640 GMT, off a two-month high of $1,492.99 marked the day before.

Click here to read the full Reuters report.