Platinum Price at 6-week High

Mining.com reported that Platinum price 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.

As quoted in the market news,

In afternoon trade on the Nymex in New York platinum for delivery in July jumped $9.20 or 0.8% to $1,178 an ounce. The metal has recovered from a 2015 low of $1,094 an ounce struck mid-March but remains down slightly year to date.

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