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Platinum: the precious metal faces its biggest deficit in years
Rising demand from carmakers, industry and investors will push the global platinum market into its biggest deficit in years. This is the emerging change in the fortunes of platinum and its sister metal, palladium, both of which are mainly used in vehicle exhausts to...
Gold: mine fire in Peru kills 27 people
A fire at a small gold mine in southern Peru killed 27 people, authorities said Sunday, in the country's worst mining accident in more than two decades. In a statement, the local government said a short circuit triggered the fire in the early morning hours of Saturday...
Gold: economic risks push precious metal above $2,000 as Fed verdict approaches
Gold held well above the $2000 level on Wednesday, supported by uncertainty over the US debt ceiling and other economic headwinds as investors positioned themselves ahead of the Federal Reserve's monetary policy decision. Spot gold was flat at $2,017 an ounce at 11:37...
Silver: record demand pushes the metal into a new age of deficits
Global demand for silver rose 18 percent last year to a record 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said Wednesday, predicting further shortages in the years ahead. The institute said the silver market will have a supply deficit of...