Friday, October 19, 2007
Platinum prices gain on mine closure
Story link: Platinum prices gain on mine closure
by Elaine Frei
by Elaine Frei
Precious metals prices were mixed in New York trade on Friday, with platinum seeing gains on the session.
January platinum was $1 higher to $1,448.60 per troy ounce on a mine closure in South Africa after a worker died in one of the mineshafts there.
Miners are asking for a strike over safety issues after the miner was killed by falling rocks.
Earlier in the session the contract was as high as $1,459.20 per troy ounce, a new record for a most-active platinum contract.
December gold dropped 20 cents to $768.50 per troy ounce while December silver fell 17 cents to $12.64 per troy ounce.
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