Wednesday, November 14, 2007
Platinum gains on prediction of supply deficit
Story link: Platinum gains on prediction of supply deficit
by Elaine Frei
by Elaine Frei

The price of platinum saw its biggest one-day gain in six months on Wednesday after a prediction by Johnson Matthey (LSE: JMAT) that the metal, used in the manufacture of pollution control devices as well as in jewelry, would see its biggest gap between demand and supply in four years.
January platinum added $33.80 in New York to $1,446.10 per troy ounce.
Also contributing to the price gains for platinum and other precious metals was another weak day for the US dollar.
December gold gained $15.30 to $814.30 per troy ounce, while December silver was up 46 cents to $15.07 per troy ounce.
Add to Bookmarks:
Related posts to: Platinum gains on prediction of supply deficit
Zinc gains 1.8 percent on prediction ...
Base metals mixed on supply, demand predicitions ...
Tin prices could rise due to supply deficit ...
Copper prices fall on less demand as investment ...
Copper up on strikes, low inventories ...
Latest Metals News:
US pending home sales data helps copper prices
Positive data chases gold prices lower
Gold gains on search for safetey ahead of economic data
Gold gains as US dollar weakens
Gold prices fall on US jobs news
US durable goods orders, new home sales drive metals price moves
Gold gains, copper drops on US home sales data
Copper prices fall on economic, demand concerns
US unemployment numbers hurt copper prices
Copper prices gain on more inventory declinesPrevious: « Etruscan focuses on African development
Next: Copper prices up on Chile earthquake »
Visited 2344 times, 1 so far today