*Platinum hits highest since May 2018 at $914.74/ oz. Spot gold was up 0.7 percent at $1,300.11 an ounce at 10:04 am EDT after rising as much as 1 percent to $1,303.61 per ounce, its highest since March 28. A combination of all these factors have moved gold into the $1, 300 s, "said Bart Melek, head of commodity strategies at TD Securities in Toronto.
LONDON, March 20- Rapid flows of investor money into physically backed platinum exchange-traded funds and a sharp drop in speculative bets on lower prices suggest the autocatalyst metal is on the verge of a recovery. That price barely covers production costs in top producer South Africa. "Looking at it from a long-term value investor perspective, now is the time...
NEW YORK, Feb 26- The trial of former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group accused of defrauding investors out of $1 billion, which was set to begin on Tuesday, has been postponed until April 15. District Judge Brian Cogan's deputy, Melonie Clarke, in Brooklyn federal court. Nordlicht is expected to stand...
NEW YORK, Feb 26- Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion. District Judge Brian Cogan in federal court in Brooklyn. On trial alongside Nordlicht are David Levy, who was Platinum's co-chief investment officer;...
Wedding rings and other symbols of love are increasingly made of platinum in China, says Huw Daniel of Platinum Guild International.
South Africa's Sibanye-Stillwater has agreed to buy Lonmin, valuing the troubled platinum producer at about $382.47 million.
World Platinum Investment Council CEO Paul Wilson speaks about how political upheaval in Zimbabwe is impacting the platinum marketplace.
Scientists detected gravitational waves from the collision of two neutron stars.
The world stockpile of platinum is shrinking as investors hold off on selling and the threat of a miners strike looms, experts have said.
Andrei Bugrov, senior vice president at Norilsk Nickel, talks about the health and future outlook of the nickel, palladium and platinum market.
Andrei Bugrov, senior vice president at Norilsk Nickel, says the firm doesn’t see China’s competition as bitter or lethal, but is instead “blessed” by having a “neighbor” like China.
Following Lonmin’s latest earnings report, its CEO, Ben Magara breaks down the key factors behind the figures.
Small businesses are feeling the negative affects in the South African tourism industry after a 27 percent drop in the rand.
Mark Cutifani, CEO of Anglo American, discusses the plans to sell its iron ore producer and says it will focus on diamonds, platinum and copper.
David Wilson, director of metals research and strategy for Citi, says he expects demand for platinum from the autos industry to pick up.
One famed analyst says this might be the perfect time for commodities investors to pounce.
James Cordier, founder of OptionSellers.com, discusses the impact that the Volkswagen emissions scandal has on the prices of platinum and palladium.
Marc Elliott, mining analyst at Investec, discusses the job cuts at Lonmin and other mining companies, as commodity prices, hit record lows.
Lonmin CEO, Ben Magara, discusses the effect of low platinum prices on business, saying the precious metal will eventually see a rebound.
Daniel Hynes, Senior Commodity Strategist at ANZ, discusses the demand and supply issues in precious metals like platinum, palladium and gold.