Platinum Jumps On Strike Anxiety

By CommoditiesApr 28, 2014 12:07PM (GMT-4:00)
www.investing.com/analysis/platinum-jumps-on-strike-anxiety-210963
Platinum Jumps On Strike Anxiety
By   |  Apr 28, 2014 12:07PM (GMT-4:00)
 

Talks between South Africa’s biggest three Platinum producers and their unions collapsed Thursday and the companies said they would take their latest wage offer directly to employees. South Africa’s longest and most damaging mining strike in living memory is not about to come to an abrupt end as both sides strive to win rank and file hearts and minds in a high stakes war of attrition on the platinum belt, Reuters reported.

Leaders of the Association of Mineworkers and Construction Union (AMCU) have signalled their displeasure with the offer from the world’s top three producers, Anglo American Platinum, Impala Platinum and Lonmin.

US platinum bar saw a 6.3 percent increase on Friday, April 25, reaching $1,488 per ounce and making it the biggest upwards shift of the day. The price of Chinese platinum bar gained 0.7 percent, closing at CNY 303.00 ($48.49) per gram. The price of Japanese platinum bar remained steady at JPY 4,629 ($45.24) per gram.

The price of US palladium bar increased 2.0 percent to $799.00 per ounce. Chinese palladium bar finished the day up 1.1 percent to CNY 181.00 ($28.96) per gram. Japanese palladium bar finished the day down 0.1 percent to JPY 2,586 ($25.27) per gram.

US Gold bullion prices inched up 0.8 percent to $1,294 per ounce. Indian gold bullion gained 0.7 percent to finish at INR 28,400 ($464.66) per 10 grams. Chinese gold bullion prices rose 0.6 percent to CNY 259.60 ($41.54) per gram. Japanese gold bullion saw little change in its price last Friday at JPY 4,227 ($41.31) per gram.

Chinese silver prices inched up 1.6 percent to CNY 4,110 ($657.67) per kilogram. US Silver finished the day up 1.0 percent to $19.65 per ounce. At JPY 641.00 ($6.26), the price of Japanese silver finished the market day up 0.8 percent per 10 grams. Indian silver prices rose 0.3 percent to INR 44,190 ($723.00) per kilogram.

Platinum Jumps On Strike Anxiety
 

Related Articles

Platinum Jumps On Strike Anxiety

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Add Chart to Comment
Platinum
 
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
 
 
 
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.