Platinum price plunges to 14-year low

MINEX Forum | July 3, 2018
img0 Platinum price plunges to 14-year low The price of platinum plunged more than 5% to touch $811.10 an ounce on New York futures markets on Monday, the lowest since July 2004. Platinum is also trading not far off a record discount to sister metal palladium which was pegged at $938 an ounce, and to gold ...

Gold Expected To Hold Above $1300

MINEX Forum | June 11, 2018
img0 Gold could extend gains above $1300 per ounce as global trade worries could resurface after the war of words between the US and its G7 allies. In recent weeks, trading partners of the US have criticised new tariffs on steel and aluminium imports imposed by the Trump administration. Gold remained in a tight spot as ...

Nickel price is soaring

MINEX Forum | June 4, 2018
img0 The nickel price is on a tear supported by environmental production cuts across top producer China, plunging inventories and strong steel prices. Nickel stocks in ShFE warehouses have dropped 39% over the past four months while inventories controlled by the LME have declined for 18 consecutive days. Total exchange stocks have dropped to below 300,000 tonnes, ...