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Precious metals sold off again yesterday, but have staged a small recovery this morning – buoyed by news that the eurozone economy as a whole avoiding slipping back into recession, with 0% GDP growth in Q1 (it’s come to something when 0% growth is deemed “good news”). Relatively robust German growth of 0.5% ...
In recent weeks the platinum price has been clearly underperforming in relation to gold, with gold now more than $100 more expensive than platinum. According to the latest report from the German precious metals trading group Heraeus, in recent weeks platinum long positions at futures markets have dropped more than 30%. In early ...
Despite poor economic data out of China and Europe recently, global palladium demand shows no sign of declining. On the contrary, demand from end users in the automobile industry continues at record highs. Russian palladium reserves are nearly exhausted, while South Africa – the world's second largest producer – has been ...
Once again investors at the commodity and precious metals markets are focusing on production in South Africa. According to Statistics South Africa (Stats SA) in January, gold production dropped 11.3% in comparison with the previous year. During the 1970s, South Africa regularly produced over 1,000 tonnes a year, but this year production ...
The government of Zimbabwe is continuing with its "indigenisation" process by forcing foreign mining companies to transfer shares in their enterprises to a government fund. Nationalisation laws were passed in May 2011, but the South African mining company Impala Platinum (Implats), the world's second largest platinum producer, ...
Platinum prices jumped to their highest level in five months yesterday on the back of strength across the entire commodity complex, and supply concerns owing to an on-going strike at the Rustenburg platinum mine in South Africa. As The Wall Street Journal reports, protracted strike action at Impala Platinum Holdings’ Rustenburg mine ...
In recent weeks the platinum price has been benefiting from growing Asian demand and continuous power supply problems at South African mines. Since September 2011 gold has become more expensive than platinum, although since early February this price gap has been closing in platinum's favour, down from $200 to $65. This period of gold ...
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Gold:Gold Buy Rates |
$49.5170/gg $1,540.10/oz |
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Silver:Silver Buy Rates |
$27.2400/oz |
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Platinum:Platinum Buy Rates |
$45.3921/pg $1,411.90/oz |
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Palladium:Palladium Buy Rates |
$19.1618/pd $596.00/oz |
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