Platinum, gold lower on news that SA mines will restart

April gold in New York was $1.70 lower to $931.10 per troy ounce, while April platinum fell $6.80 to $1,721.90 per troy ounce after going as high as $1,734.90 per troy ounce earlier in the session.

South Africa produces 10 percent of the world’s gold and more than three-fourths of the world’s platinum.

March Silver, on the other hand, added 7 cents to $16.82 per troy ounce.

Among base metals, March copper added 11 cents to $3.30 per pound on hopes that lower interest rates will help maintain demand.

Uranium, meanwhile, dropped to a three-month low after Australia and Kazakhstan, two of the world’s biggest producers of the radioactive metal, said that output has increased

Uranium oxide concentrate for immediately delivery was at $78 per pound after trading at $84 per pound last week.