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Gold Prices Go Up As Coronavirus-Led Growth Fears Spur Safety Buying

NDTV - 3/30/2020 1:44:00 PM
"Negative impact from covid-19 on the industrial sector is weighing on platinum and palladium prices. Longer lock-downs mean less demand for PGMs from car producers," said Quantitative Commodity Research's Fertig said. Platinum producer Sibanye-Stillwater said it would declare force majeure on supply contracts for platinum group metals (PGMs ...

Platinum Shocks- The Downside Gives Way Before A Boomerang

Seeking Alpha - 3/26/2020 11:55:00 AM
We saw risk-off conditions in all metals. The weakest were the main targets. Even the strong suffer declines. Platinum fell to a multiyear low before bouncing h

Metal Prices Boosted By A South African Move To Close Its Mines

Forbes - 3/24/2020 7:46:00 AM
A major “outage” event, the closure of South Africa’s big mining industry for 21 days, is expected to flow into the prices of a wide range of minerals and metals.

Gold gains as virus-led growth fears spur safety buying

YAHOO! - 3/30/2020 12:48:00 PM
Spot gold was up 0.3% at $1,621.60 per ounce by 0941 GMT, while U.S. gold futures gained 0.3% to $1,629.30. "In the near term, gold should be supported by safe-haven buying, but if stock markets drop deeper,

Energy Risk Commodity Rankings: Uncertain times

Risk - 3/26/2020 10:26:00 PM
“Given the recent price action, palladium continues to be the most interesting PGM [platinum group metals] to observe,” UBS’s Matthews adds. “For now, the pendulum has swung from a demand standpoint due to the coronavirus causing serious strains on the global supply chain across all commodities. Once the situation normalises, we see no ...

Top platinum miners declare force majeure after coronavirus lockdown

Leader-Post - 3/30/2020 12:17:00 PM
The world’s largest platinum producers Anglo American Platinum, Sibanye-Stillwater and Impala Platinum have declared force majeure on contracts after a three-week national lockdown forced operations to close.

Platinum slumps to lowest since 2002 as precious metals collapse

YAHOO! - 3/17/2020 12:33:00 PM
By 1700 GMT, platinum was down 13.2% at $661 per ounce, on track for its biggest one-day decline on record, while gold slipped 1.4% to $1,508.44 per ounce. U.S. gold futures were 0.3% lower at $1,512.

Silver Market Prices Crash, Gold prices Today Slip – Gold Silver Reports

Gold Silver Reports - 3/30/2020 4:14:00 AM
Gold prices slip sharply in India today with Junefutures on MCX falling 0.6% to ₹43,302 per 10 gram, extending losses tothe 2nd session. Among other precious metals, platinum slipped 0.5% to $738.05 per ounce, while silver eased 0.8% to $14.36 per ounce. The head of IMF on Friday warned that countries mustrespond with “massive” spending ...

Marikana operations to provide processing capacity to offset Anglo Platinum Force Majeure

Swiss Resource Capital AG - 3/17/2020 9:41:00 PM
Sibanye-Stillwater ( https://www.commodity-tv.com/play/sibanye-stillwater-company-teaser-2019/) is accordingly pleased to announce that it has reached agreements in principle, with Anglo Platinum regarding processing of all ... changes in the market price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground ...

Gold Price falls by Rs 450 to Rs Rs 39,785, Silver at Rs 35,885

Newsd - 3/18/2020 8:08:00 AM
In global markets, gold prices rose on Wednesday after the US Federal Reserve's measures to boost liquidity in the market eased concerns over disruptions to the global economy and a potential cash crunch due to the coronavirus outbreak.