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    market news

    South African Stocks Up On Platinum Rebound

    Investing News Network
    Feb. 17, 2012 02:15PM PST
    Precious Metals

    Reuters reported South Africa’s benchmark index rose 0.9 percent on Friday as recovery in the platinum price prompted a rebound.

    Reuters reported South Africa’s benchmark index rose 0.9 percent on Friday as recovery in the platinum price prompted a rebound.

    As quoted in the market news:

    Platinum producers were the biggest gainers, helped by a recovery in the price of the metal, which has been sold off in the last few sessions. During the session platinum rose as high as $1,640 an ounce, an increase of 1.3 percent.

    Click here to read the full Reuters report.

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