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A modest gain for precious metals funds

Posted on 07 June 2013

Palladium settled at a two-month high and platinum rallied to an eight-week high on concerns about a potential strike at a platinum mine in South Africa. Meanwhile, gold prices rallied on a sharp drop in the dollar, which retreated to a one-month low against the euro and the yen. …
Members of the Association of Mineworkers and Construction Union this week voted to go on strike at platinum producer Lonmin PLC, but the union’s president has asked members for more time to negotiate with the company’s management. …Platinum and palladium are often found together, and South Africa accounts for about three-quarters of global platinum output and about a third of the world’s palladium supply……………………………………Full Article: Source


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