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Platinum Reaches Highest Since October on Supply Concern
Jan. 14, 2013 04:57PM PST
Precious Metals InvestingReuters reported that platinum hit a 3-month high on Monday and is in close proximity with gold, as the possibility of supply outages in South Africa triggered a buying frenzy.
Reuters reported that platinum hit a 3-month high on Monday and is in close proximity with gold, as the possibility of supply outages in South Africa triggered a buying frenzy.
As quoted in the market news:
Platinum prices received a boost on news that South Africa’s Anglo American Platinum is likely to sell or shut its Union mine as part of a review of its platinum business by parent Anglo American.