Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Thursday 09th of September 2010
Friday, February 8, 2008

Platinum prices set another record

Story link: Platinum prices set another record
by Elaine Frei
Platinum prices set another record

Precious metals prices saw gains on Friday, with platinum setting yet another record.

April platinum was trading $32.60 higher at $1,884 per troy ounce in New York shortly before the end of floor trade.

The new record came on concerns that production will decline in South Africa and Russia, and on predictions that the price of platinum could reach $2,000 per troy ounce this year.

South Africa’s production problems have to do with electricity shortages, with the state-owned power company there telling large consumers that it will not be able to guarantee adequate power supplies until 2013.

April gold added $11.60 to $921.60 per troy ounce on suggestions that lower interest rates in the US could boost inflation.

Investors often turn to gold as a hedge against inflation.

March silver added 33 cents to $17.10 per troy ounce, while in morning trade March palladium was up just over $9 to $437.85 per troy ounce.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Platinum prices set another record

Demand forecast sends copper, zinc prices to new record highs ...

Nickel hits new record as commodities prices rise ...

Platinum, palladium prices see gains ...

Precious metals prices follow oil higher ...

Gold price sets new intraday record high in New York ...

Latest Metals News:

Latest News  Gold closes at new record in New York

Latest News  Copper prices gain on jobs numbers

Latest News  US pending home sales data helps copper prices

Latest News  Positive data chases gold prices lower

Latest News  Gold gains on search for safetey ahead of economic data

Latest News  Gold gains as US dollar weakens

Latest News  Gold prices fall on US jobs news

Latest News  US durable goods orders, new home sales drive metals price moves

Latest News  Gold gains, copper drops on US home sales data

Latest News  Copper prices fall on economic, demand concerns


Previous: «
Next: »

Visited 4589 times, 1 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):