Tag Archive: south africa

Russia and South Africa Want to Boost Platinum and Palladium Prices

Your News to Know – October 8, 2014

October 8, 2014 10:12 pm Published by Leave your thoughts

Every week, we give you the latest news about gold, precious metals and the overall economy. This week's stories include: Russia and South Africa meet to discuss how they can boost the prices of platinum and palladium, gold smuggling in India is still on the rise and gold buyers are back thanks to the sell-off in U.S. stocks. Click on the link for more details.

Market Update: Gold Consolidates, Readying to Shoot To Highs Unknown

October 28, 2012 3:29 pm Published by

Following gold's slip last week, this week saw a round of bargain hunting. Gold traded near highs of $1,730, ending the week at $1,716. Silver held in a lateral position with platinum taking a beating as South African mining strikes resulted in massive layoffs and mine closures. US job reports leave many unimpressed, and the country’s presidential elections seem to be sliding into confusion rather than home base as the candidates categorically ignore Europe's meltdown, China's slowdown and untold mismanaged mineral wealth in Eastern and Central Africa. With the world's markets indexed to the over-abundant weak-kneed US dollar, those in the know are calling for reinstating the Gold Standard. Central banks are snapping up gold, leading calls for a November fat with $2000 per ounce gold.