08.07.2014 - Platinum, Palladium Prices Surge On Supply Worries
Platinum prices hit a 10-month high last week boosted by supply worries despite an end to the five-month strike in South Africaís platinum belt. Palladium was trading at close to its highest level since early 2001. Spot platinum was at its strongest since September at $1,511 an ounce in the pm fix on July 2 on Londonís Platinum and Palladium Market although had inched down to $1,503 in the pm fix on July 4. On Nymex, the platinum contract for October delivery settled $32.10 higher at $1,515 an ounce before easing back to close at $1,507.70 on July 3............................................Full Article: Source
Print