Platinum Reaches Highest Since October on Supply Concern

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.

Click here to read the complete Reuters report.