The Platinum market has been hitting lifetime highs of recent weeks and topped at $1965 at this weeks beginning. In the last 20 days Platinum has increased more than 28%, a massive increase over such a short period of time. The last week has seen Platinum topping the previous days never before seen record each day.

Financial results and the general mood of the investment market has helped to strengthen Platinum along with recent supply fears. South African Platinum mines have been experienceing power shortages, reducing the Platinum production from the country that supplies most of the worlds Platinum stocks. The energy crisis in South Africa is on its way to being resolved but the recently lost Platinum stocks from the mines will still leave an impact on Platinum’s prices.

Most precious metals seem to be following in the Gold Fix Markets footsteps in an upward direction. The platinum market price was up to around $1323 at close yesterday. The platinum market opened today at $1335 and has stayed above (more…)

Platinum is increasing in popularity immensely despite its high price compared to more traditional gold and silver jewellery. The main reason for the high cost of platinum jewellery is that the metal is quite rare. Platinum miners have to mine around 10 tonnes of raw platinum ore to produce just 1 ounce of pure platinum. The fact that (more…)