Big Boost for Platinum as World’s Mayors Tackle Urban Air Pollution

Big Boost for Platinum as World’s Mayors Tackle Urban Air Pollution

The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40 Cities Climate Leadership Group, which connects more than 90 of the world’s greatest cities, representing 650-million-plus people and a quarter of the global economy.

Platinum Deficit Is Likely To Persist

Platinum Deficit Is Likely To Persist

World Platinum Investment Council CEO says there’s consensus the five-year long deficit will persist The world’s major platinum producers were confident that autocatalyst recycling and the growth of electric vehicles would not counter the growing deficit in the market, industry leaders said on Tuesday. Paul Wilson, CEO of the World Platinum Investment Council, said at a panel discussion at the Investing in African Mining Indaba that all credible analysts agreed the platinum market had been…

Platinum Group Metals – A Quiet Storm Brewing

Platinum Group Metals – A Quiet Storm Brewing

Platinum looks to challenge resistance. Six years of a platinum deficit. Look for the platinum discount under gold to narrow. Palladium is the most volatile precious metal. PGMs are industrial precious metals. Platinum and palladium have posted gains so far in 2017 alongside their precious cousins, gold and silver. Platinum and palladium are not only precious but they are industrial metals. The rarity of the platinum group metals puts them in a class by themselves….

Platinum, Palladium May be New Focus in Precious Metals Rally

Platinum, Palladium May be New Focus in Precious Metals Rally

Gold prices have rallied sharply this year, but it may be time for other precious metals to shine. According to some analysts, platinum and palladium are starting to look more attractive to funds hoping to ride the precious metal rally this year. The two metals recently closed out their best months in years. Platinum for October delivery rose 12% to $1,150.60 last month, its largest monthly percentage increase since January 2012. Palladium for September delivery…

Gold-To-Platinum Ratio

Gold-To-Platinum Ratio

The gold-to-silver ratio is the most popular ratio among the precious metals. However, we can also link gold prices to platinum prices. Mathematically, the gold-to-platinum ratio is the price of gold divided by the price of platinum. It describes how many ounces of platinum are needed to purchase one ounce of gold, indicating the relative strength of gold prices compared to platinum prices. The indicator works just as the gold-to-silver ratio, so we will not…

Market Update: Precious Metals Soar On Sanctions Against Russia

Gold, platinum, and palladium prices rose today as new sanctions on Russia increased safe haven demand. Spot palladium peaked at $895 an ounce, its highest level since February of 2001. Spot gold is up at $1,323.70 an ounce. Spot platinum rose to $1,509 an ounce. Read today’s market news here: U.S. Sanctions on Russia Lift Precious Metals, The Wall Street Journal CME group throws down gauntlet in race to run gold fix, Reuters Follow Capital Gold Group on Facebook and Twitter…