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Tag: platinum futures

Platinum Futures Hit Two-Week High on Supply Concerns

Bloomberg reported that platinum futures hit their highest price in two weeks, on supply concerns for the metal. According to the publication, platinum futures for January delivery touched a two week high of $955.50 per ounce on the New York Comex, and were trading at $944.90 by 10:22 a.m. EST.

Gold Breaks $1,200 per Ounce Following Weekend Losses

Gold was certainly hit hard over the weekend, but the metal was back with a vengeance on Monday morning. Prices rebounded by more than $35 to break the psychologically important level of $1,200 per ounce. As of 4:09 p.m. EST, gold was trading at $1,212.10 per ounce, up $36.90.

Platinum Futures Up on South Africa Strike

Bloomberg reported today that platinum-group metals are doing well amidst supply concerns due to an ongoing strike in South Africa. Anglo American Platinum (LSE:AAL), Impala Platinum (JSE:IMP) and Lonmin (LSE:LMI) plan to attempt mediation again on Tuesday, according to the news outlet.

Platinum Prices Gain as Palladium Soars

Following palladium’s remarkable near-three year gains bringing it to $828.80 on Wednesday, platinum also rose to reach its highest price since early March, Bloomberg reported. According to the publication, platinum futures for delivery in July rose 2 percent to $1,485.70 an ounce, trading as high as $1,487.60 throughout the

Platinum Prices Could Rise Again Soon

Although platinum and palladium saw price drops on Monday, CNBC has pointed to a broader 5-percent jump in year-to-date platinum futures prices as well as a 7-percent price jump for its sister metal.

Platinum Prices Take a Dive

Frik Els of reported that platinum prices fell by more than $20 per ounce on Monday while palladium prices also declined. According to mining, prices for the metals are not reacting as expected to supply squeezes from Russia and South Africa, especially in light of revived demand from the

Platinum Futures Rise to 10-week High

Bloomberg reported that yesterday, platinum futures rose to $1,363.80 per ounce, their highest price in 10 weeks, as a result of speculation that a worldwide economic rebound will increase demand for the metal.

Platinum Hits Lowest Point Since October 2009

The Wall Street Journal reported that platinum fell to $1,329.10 per troy ounce today, its lowest level since October 2009. The metal has fallen 14 percent so far this year. However, the weakened South African rand means that miners are not short on cash.

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