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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Platinum prices vulnerable to further losses

Posted on 24 April 2014

Platinum prices could be vulnerable to further losses in the near-term, although metals analysts remain bullish on the white metal in the long-term. Since setting a high on April 14 of $1,471.50 an ounce, basis the New York Mercantile Exchange July contract, platinum prices are down 5%. As of 11:05 a.m. EDT, July platinum traded at $1,399.40.
Much of the gains for platinum came on the continuation of the strike by the Association of Mineworkers and Construction Union against the major South African platinum producers, Anglo American Platinum, Impala Platinum and Lonmin. The strike is in its 13th week………………………………………..Full Article: Source


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