Kumaresan Selvaraj pillai


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Tuesday, February 5, 2013

Commodity Blog

Commodity Blog


Silver Falls as Gold & Palladium Rally, Platinum at 17-Week High

Posted: 04 Feb 2013 12:46 PM PST

Platinum rallied to the highest level in 17 weeks today as supply from Anglo American Platinum Ltd. decreased. Gold and palladium also advanced, while silver fell. Anglo American, the biggest platinum producer in the world, reported that output of the metal declined 8.8 percent, resulting in a loss in 2012. Production waned amid rising costs and labor unrest in South Africa. Analysts believe that fundamentals are supportive for platinum as buyers will [...]

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