Platinum Reaches $1,596

Reuters reported platinum also gained traction to $1,596.7, its highest since mid-April, with focus still on dominant producer South Africa.

As quoted in the market news:

Two percent of shift workers at Lonmin Plc’s South African operations arrived for work on Friday, the platinum miner said.

The world’s third-largest platinum miner has been crippled by a four-week strike at its Marikana operations. The company signed a “peace deal” with some of its unions on Thursday. However, that did not include militant breakaway union AMCU.

Click here to read the full Reuters report.