platinum prices
If tariffs and an ongoing trade war with China were not enough, now gold bugs get to cheer in silence at a 5% tariff implemented on goods coming from Mexico as an economic tool to fight illegal...
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The scandal swirling around Volkswagen will inevitably have an impact on other diesel vehicle makers. That is not good news for platinum.
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Source: thinkstock.comEarlier this year, the International Energy Administration (IEA) and Bank of America both said that the United States has become the world’s largest oil producer, passing...
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Platinum is generally supposed to be worth more than gold per ounce. After all, it is more rare and considered more precious.
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Source: ThinkstockSouth African miners at two platinum mines owned by Anglo American PLC’s Anglo American Platinum subsidiary (known as Amplats) have begun a wildcat strike, demanding that the...
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Source: ThinkstockGold trading closed for the day shortly before the FOMC announcement that the Fed forecast for 2013 growth had slipped, but that the central bank expects unemployment to reach a...
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Source: ThinkstockAnalysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand for...
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Source: ThinkstockThere are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one. Exchange traded funds (ETFs) are another. A third way is by investing in...
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Source: ThinkstockFor the year to date, the price of palladium has risen by a majestic 1.3%. That may sound paltry, but the metal’s performance beats its brother platinum, which has fallen in price...
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Source: ThinkstockSouth Africa’s Anglo American Platinum Ltd. (known as Amplats), the world’s largest platinum miner and a division of Anglo American plc, said today that it plans to reduce...
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Source: ThinkstockThe Clinton Group, a hedge fund with a stake of slightly more than 1%, succeeded last night in electing four of its nominees to the board of Stillwater Mining Co. (NYSE: SWC). Among...
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Source: ThinkstockPlatinum prices have fallen nearly 10% from their 2013 highs in early February. Palladium prices are off as well, but the drop is just 3.6%. This is not good for South Africa, which...
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Source: ThinkstockStillwater Mining Co. (NYSE: SWC) reported fourth-quarter and full-year 2012 results before markets opened this morning.The platinum and palladium miner posted quarterly earnings...
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Source: ThinkstockThe price of platinum is expected to average about $1,770 an ounce in 2013, its highest price since 2011. The price spike is due almost entirely to the closure of several mines in...
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Source: ThinkstockPlatinum prices jumped last week following an announcement from Anglo American plc that it would shut down several of its South African mines, ultimately removing about 400,000...
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