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.
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