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Recent News and Events: Platinum
Platinum prices fell Friday as commodities were weighed down by a stronger dollar and a drop in oil prices. Platinum futures for October delivery fell $17.60, or 1 percent, to settle at $1,441.20 an ounce on the New York Mercantile Exchange.
Aug. 22 (Bloomberg) -- Platinum's price relative to gold is showing a pattern not seen since the economic slowdown in 2001, suggesting the cost of the silver-colored metal may have further to drop, according to Fortis Bank SA/NV and VM Group.
PLATINUM Asset Management has reported at 5.6 per cent fall in annual earnings on a pro-forma basis and says its fees could fall in the year ahead.
Platinum juniors are entering the market in large numbers in a bid to benefit from strong platinum prices and good long-term prospects, it has been claimed.
Websites of Interest: Platinum
| Platinum (pronounced /ˈplæt ɪ nəm/) is a chemical element with the atomic symbol Pt and an atomic number of 78. It is in group 10 of the Periodic Table of Elements. |
| The Platinum Range is a Sony PlayStation budget range in the PAL regions, including the United Kingdom, Australia, New Zealand, Ireland and continental Europe. |
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