Canada Gold reported today that the recent dramatic price increases seen in Platinum are due largely to supply concerns coming out of South Africa.
Economic and labour conditions in that country are causing some large platinum mines to close, further tightening supply of the precious metal.
The price of platinum has risen beyond the price of gold in recent trading, now selling at a sustained premium over the yellow precious-metal.
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|Platinum Continues to Make Huge Gains|
Ongoing supply concerns have caused the price of Platinum to continue its unprecedented rise today, say precious-metals analysts with HSBC. The precious metal is primarily mined in South Africa, leavi…