Mining companies can only sell their platinum, and other precious metals, at the market spot price for platinum. However, because mining companies incur such large overhead costs for research and development, if spot prices fall too low, mining companies may decide to scale back production, which...
Even though just less than one ounce of platinum has been mined per every 25 ounces of gold, it exists all around us today. As well as enjoying popularity in the luxury jewellery market, platinum is frequently used in everything from carbon monoxide monitors to catalytic converters. Its appea...
Live Platinum Charts and Platinum Spot Price from International Platinum Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
However, the price of platinum can fluctuate in response to changing market conditions,” said John Bergquist, president of Elysium Financial.Political instability and supply disruptions in major platinum-producing regions like South Africa and Russia affect prices....
The price of platinum in the United States is currently governed by world market demand, which is dominated by two primary factors: industrial demand and investor interest. The above platinum chart depicts the current platinum price in Euros (€). There is also the option to view today's plat...
The price of gold is negatively correlated to the stock market most of the time. When the markets go down gold prices often go up. That being said, there are times when the price of gold and the stock market both go up or down in unison. Overall, however, time has shown that gold ...
Since 2015, platinum's daily benchmark in London (LBMA is a center of the world's bullion market) fell below the price of gold per ounce and has remained there since. Since mid-May, 2021, platinum has predominantly remained under $1200 per ounce, closer to $1000 per ounce. Smart ...
The price of gold is negatively correlated to the stock market most of the time. When the markets go down gold prices often go up. That being said, there are times when the price of gold and the stock market both go up or down in unison. Overall, however, time has shown that gold ...
Each dealer may have different procedures when it comes to locking in prices on precious metals. A brick and mortar store, for example, may set prices at the beginning of the day and adjust those prices based on market movement. Online dealers typically utilize a live price feed that automati...
The "spot" price is the reference price of one troy ounce, the official unit of measurement on the professional market for spot transactions. One troy ounce represents 31.1 grams. With GoldBroker.com you buy and sell on the basis of the spot price in Euro, US Dollar, Swiss Franc, Pound...