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Platinum did not experience a blowout performance compared to last week. However, Friday’s London close of $2,155 represents a respectable Monday through Friday gain of 3.21%. It closed the previous Friday at $2,060. Silver and gold out shined platinum with percentage gains of 5.47% and 4.20% respectively. Gold, in fact, hit a fresh record on [...]

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Platinum blasted through several records this week with a final London close of $2,060 and up an impressive 8.54% for the week. With the rapid rise in platinum, the United States Mint suspended platinum coin sales to readjust prices. That, after just lifting the previous suspension last week.

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Platinum experienced a second consecutive week of impressive gains and records, climbing 4.32% on the London Fix. Silver and gold posted smaller, but still positive numbers. Platinum was the benefit of continual power shortage problems reducing production in South Africa mines, where four-fifths of the world’s platinum originates. At one point, platinum futures hit a [...]

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Gold and platinum were in mixed moods this week. Gold had spiked Wednesday on the New York Mercantile Exchange (NYMEX) after the Federal Reserve cut interest rates by a half-percentage point Wednesday. However, profit taking and a stronger dollar relieved gains, forcing gold down sharply Friday. Platinum, on the other hand, spurred forward after a [...]

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