Spot Platinum Ends At $1,705.74

Reuters reported spot platinum jumped more than two percent to a six-month high of $1,713 an ounce before gains fell to $1,705.74.

As quoted in the market news:

Striking miners rejected an offer by Lonmin to increase their pay to less than half their demanded basic wage.

Separately, South African police fired tear gas to disperse striking miners outside an Aquarius Platinum mine near Rustenburg, north-west of Johannesburg, local station Talk Radio 702 said.