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At the beginning of this year investors were optimistic about platinum price increases, but have suffered some disappointment lately. August of 2011 saw the white metal trading at over $1,900 per troy ounce, but it has since dropped below $1,500. Many analysts were expecting strong automobile demand from China and other emerging ...
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 ...
Cautious words from the Federal Reserve encouraged another sell-off in gold and silver yesterday, with the gold price falling below an important buying support level at $1,680. The silver price has also fallen, and as of 1200GMT is trading below $33. Settlement below $33 could prolong silver bulls short term problems – with $32.50 a ...
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 ...
Yesterday was another quiet day as far as gold and silver prices were concerned, with both metals continuing to range trade. Upside momentum that bulls had at the end of January following the Federal Reserve’s dovish pronouncements has been countered by the eurozone woes. Talk of a Greek default has many traders fearing a rerun of ...
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 |
$49.5174/gg $1,540.20/oz |
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Silver:Silver Buy Rates |
$27.3300/oz |
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Platinum:Platinum Buy Rates |
$45.3037/pg $1,409.10/oz |
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Palladium:Palladium Buy Rates |
$19.0085/pd $591.20/oz |
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