Browsing Tag

Platinum

Platinum climbs, gold treads water in Europe

October 05, 2013 Platinum rose on Friday on news that South African mines are facing water restrictions, while gold fell on a stronger dollar, though uncertainty over a budget deadlock that has led to a partial US government shutdown kept it in a range. South Africa's Department of Water Affairs said on Friday that platinum operations around the mining city of Rustenburg will face curbs on the amount of water they can use to mitigate problems caused by a drought. That came after number…

US MIDDAY: palladium and platinum rise

November 14, 2012 Platinum group metals (PGM) rallied on Tuesday after on a bullish forecast that supply outages earlier this year could turn the markets into a deficit, while gold traded flat as investors awaited more clarifications on Greek aid by the euro zone. Palladium rose over 4 percent, on track for its biggest one-day gain since December 2011, after PGM specialist and refiner Johnson Matthey said it expects palladium to record its biggest deficit since 2000 this year…

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