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    market news

    South Africa: All Share Closes at Record High

    Investing News Network
    May. 02, 2012 02:18PM PST
    Precious Metals

    Reuters reported that although South Africa’s FTSE/JSE All Share Index closed at an all-time high, spot platinum’s drop hurt some miners.

    Reuters reported that although South Africa’s FTSE/JSE All Share Index closed at an all-time high, spot platinum’s drop hurt some miners.

    As quoted in the market news:

    But a fall in global platinum spot prices knocked producers such as Anglo American Platinum, which shed nearly 2 percent to 494 rand.

    Traders said they expected further gains ahead, but that market players will also be keeping an eye on U.S. job market figures due to be released on Friday.

    Click here to read the full Reuters report.

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