Platinum Hits Record on Supply Concerns - JB News Feed

Platinum soared above $1,800 an ounce for the first time Monday as investors bet that a power shortage in South Africa will tighten global supply for the metal used in jewelry and automobiles. Other precious metals traded mixed, with gold and silver falling sharply and copper edging higher. Crude oil rebounded on positive U.S. economic data, while agriculture futures also rose.

Read Full Story


 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.