Precious Metals Rebound
IBTimes Hong Kong reports that precious metals are back up this week as the US releases positive economic data.
Articles Tagged "pgms"
Platinum Group Metals Steady on Asian Buying
They Sydney Morning Herald reports that platinum group metals are little changed due to their applications in industry this morning.
Precious Metals Steady as Greece Simmers
Mineweb reports that palladium barely rose as worries about Greece plagued investors through the weekend and the US dollar rose.
Barclays ‘Positive’ On Long-Term Prospects For Platinum, Palladium
Forbes reports that Barclays Capital analysts are “positive” on platinum and palladium for the long term although they believe the metals will move up and down.
PGMs Tipped to Rise as Debt Crisis Increases Haven Demand
The Sydney Morning Herald reports that platinum group metals may increase after European governments failed to agree on a Greek rescue package.
Palladium chosen as safety against inflation
On January 5 palladium tumbled nearly 6 percent as the strong dollar knocked down all the precious metals. The metal hit a daily low of $178.50 an ounce, but was quoted at $180.00. On January 12 the metal picked up some steam, and rebounded to $191 per ounce.
Palladium in limbo over auto bailout
Spot palladium rebounded on Monday, up more than 5 per cent from New York’s notional close of $168.00. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday.
Extended downside expected for palladium
Prices of precious metals platinum, palladium and silver are expected to slump next year as demand sags in line with economic growth. This is tough news, considering how much of a price decline the metals have already witnessed in 2008.
Despite Stillwater cutbacks, McAllister says PGMs have a healthy future
Stillwater Mining CEO Frank McAllister believes that long-term demand for PGMs should be robust, as the current low metals prices cause production to dwindle. For full story, click here
