• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Precious Metals Market
Precious Metals News
Precious Metals Stocks
  • Precious Metals Market
  • Precious Metals News
  • Precious Metals Stocks
platinum investing

Platinum Prices: Desperately Seeking a Bottom or Prepping for a Pop?

Written by Investing News Network
|
Oct. 06, 2011 02:30PM PST

IBTimes reported platinum prices just finished plunging more than 22 percent from their late August level with no end in sight.

IBTimes reported platinum prices just finished plunging more than 22 percent from their late August level with no end in sight.

As quoted by the market news,

On Aug. 22 platinum’s spot price was $1,913.50; on Oct. 5 it was $1,479.50. Gold, meanwhile, had an Aug. 22 spot price of $1,908.89 and an Oct. 5 price of $1,642.50.

In other words, besides plunging $434 in the last six weeks platinum’s price went from a premium to gold’s price to being 86 percent of gold’s price.

Click here for the full IBTimes report. 

platinum investing
The Conversation (0)

Go Deeper

AI Powered

Precious Metals: Platinum Prices Weak

Precious Metals: Platinum Loses 0.9 Percent

Latest News

Prismo Metals Assay Results at Silver King Show Highs of 1.73% copper, 30 ppm molybdenum, 1,362 g/t silver, 4.1% lead, and 1.3 g/t gold

StepOut Drilling Expands Carbonatite Footprint at Tundulu

Sandstone Mineral Resource Grows to 2.9Moz

Chalice Data Review Identifies further Gold Mineralisation

Triple One Metals Identifies Drill Targets in Emerging Newfoundland Copper-Gold Belt

More News

Outlook Reports world

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
  • Energy
    • Uranium
    • Oil and Gas
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Industrial Metals
  • Agriculture
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Gaming
    • Cleantech
    • Emerging Tech
Life Science
    • Biotech
    • Cannabis
    • Psychedelics
    • Pharmaceuticals

Featured Precious Metals Investing Stocks

GoldMoney Inc.

XAU:CC

Metallica Metals Corp Com

MM:CC

Champion Bear Resources Ltd.

CBA:CC

Braveheart Resources Inc.

BHT:CC

Mineworx Technologies Ltd.

MWX:CC

St-Georges Eco-Mining Corp

SX:CC
More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES