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Platinum: the precious metal faces its biggest deficit in years

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

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...
Silver: record demand pushes the metal into a new age of deficits

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...
Gold: price runs to one-year highs after U.S. data disappointment

Gold: price runs to one-year highs after U.S. data disappointment

Gold extended gains to above $2,000 an ounce on Tuesday, thanks to a drop in the dollar and yields, while weaker U.S. economic data encouraged bets on a slowdown in rate hikes, despite growing concerns about oil-driven inflation. Today, Wednesday, April 5, gold is...