NEW YORK— Platinum and palladium prices dropped sharply Monday on signs that South African mining companies are close to reaching a labor agreement that would end a four-month strike. Platinum for July delivery fell $28, or 2 percent, to close at $1,400.70 an ounce. Palladium for June lost $29.30, or 3.6 percent, to $777.80 an ounce.» Read More
Is the bullish price action in platinum a sign of growth or simply a shortage of a rare metal?
Sean Hyman, Editor for Money News, Ultimate Wealth Report is bullish on platinum and palladium. He says platinum could hit $2,000.
CNBC's Sharon Epperson reports how the metals fared today at the close, saying Citi boosted its target for platinum in 2013 to $1,700.
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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.
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.