NEW YORK/ LONDON, May 9- Gold edged lower on Thursday on the dollar's rally and encouraging U.S. job data, but decent physical demand and gains in platinum group metals and agricultural commodities helped lift bullion from early lows. Palladium rose nearly 3 percent on buying ahead of major wage talks between South Africa's major mining unions and PGM producers.» Read More
Ric Spooner, Chief Market Analyst, CMC Markets sees a potential to buy platinum and sell gold. He also says silver has the potential to outperform gold.
The Futures Now team discusses which precious metal is the best bet for 2013, and whether the rally in platinum has helped gold.
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Charles Bradford, President at Bradford Research describes why he doubts the economics behind the precious metal given it's recent rally.
*Dollar tumble entices commodity buyers holding euro. NEW YORK, Jan 14- Platinum prices jumped on Monday, hitting three-month highs and closing in on parity with gold after a supply squeeze in the metal critical to automakers, while corn was set for its longest rally since June on sharply lower U.S. stockpile forecasts.
NEW YORK, Jan 14- Platinum rose to a three-month high on Monday, and is on the brink of being on parity with gold, as the prospect of further supply outages in South Africa triggered strong buying by commodity funds.
CNBC's Joe Kernen reports the Treasury Department will not produce platinum coins as a way to generate revenue and avoid a battle in Congress over raising the debt ceiling.
Jeffrey Christian, Managing Director, CPM Group says commodities will be under severe downward price pressure this year. He likes platinum and palladium.
Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.
Nick Trevethan, Senior Commodities Strategist at ANZ Research tells CNBC's Cash Flow why he thinks precious metals will do well in 2013.
Is the precious metal adrift? Lincoln Ellis, Poplar Jackson, provides an outlook on metals in 2013.
Ric Spooner, Chief Market Analyst, CMC Markets says the underlying fundamentals for precious metals look good. He adds that good growth in the auto industry could help lift platinum prices.
Some traders say part of today's sell-off in the gold market was due to margin pressure in other asset classes, reports CNBC's Sharon Epperson.
Demand for certain commodities is contracting around the world, making the case for shorting a few of them, Queen Anne’s Gate Capital Management CIO Kathleen Kelley said Thursday on CNBC.
Rich Ilczyszyn, iiTrader.com chief market strategist, discusses whether a gold selloff will spark liquidation.
The price charts for gold are approaching a “golden cross” — in which the 50-day moving average surpasses its 200-day moving average — suggesting the start of a bull market, but is it a buy?
Ric Spooner, Chief Market Analyst, CMC Markets expects a price pullback in precious metals like platinum & gold. He explains why it's appropriate to aggressively short gold now & only buy in at 1625/1675 levels.
CNBC's Kate Kelly reports platinum is in high demand among hedge funds.
London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.