PL=F - Platinum Jul 19

NY Mercantile - NY Mercantile Delayed price. Currency in USD
809.70
-2.00 (-0.25%)
As of 11:38AM EDT. Market open.
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Pre. SettlementN/A
Settlement date2019-07-29
Open813.60
Bid810.00
Last price811.70
Day's range808.60 - 820.40
Volume22,548
Ask809.90
  • Bloomberg4 days ago

    Ramaphosa's Old Union Seeks S. Africa Platinum Mine Comeback

    (Bloomberg) -- The National Union of Mineworkers, which dominated organized labor across South Africa’s platinum belt until the massacre at Lonmin Plc’s Marikana mine in 2012, is plotting a comeback.By the end of this year, the union wants to represent 30% of the more than 167,000 workers at the world’s four biggest platinum producers, said NUM President Joseph Montisetse. It currently represents 18% of Impala Platinum Holdings Ltd.’s workforce and 11% at Lonmin. He didn’t give figures for Anglo American Platinum Ltd. or Sibanye Gold Ltd., which is taking over Lonmin. In 2018 the NUM represented about 30% of Anglo Platinum workers and dominates representation at smaller producers Northam Platinum Ltd. and Royal Bafokeng Platinum Ltd. The NUM, founded in 1982 by South Africa’s President Cyril Ramaphosa, has halved in size as it was ousted from some platinum mines by the more militant Association of Mineworkers and Construction Union. AMCU played a leading role in the protests that ended in the fatal shooting of 34 people by the police at Marikana, and in 2014 it led a five-month platinum-industry strike.“We have a clear target. I’ve appointed myself to platinum” recruitment efforts, Montisetse said at the NUM’s headquarters in downtown Johannesburg, where mosaics of struggling workers line the entrance. Formerly South Africa’s largest labor union, it currently has 187,000 audited members, he said.AMCU says it has 250,000 members across the country’s mining industry. Since Marikana there has been often deadly conflict between members of AMCU and the NUM.The former also continues to be more aggressive in its pay demands. While AMCU has started this year’s platinum wage talks with a demand for a 48% increase to 17,000 rand ($1,185) a month, the NUM has requested a 15% increment from Anglo Platinum.While Montisetse said the NUM doesn’t want to profit from another union’s problems, AMCU has its own challenges.AMCU is currently facing a threat of deregistration as a recognized union by the regulator because it allegedly hasn’t complied with its constitution by failing to hold a regular congress and leadership elections.(Adds companies in second paragraph.)To contact the reporters on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net;Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, ;John McCorry at jmccorry@bloomberg.net, Dylan Griffiths, Nicholas LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gold Jumps to 1-week Highs, Palladium Up For The Sixth Day
    FX Empire12 days ago

    Gold Jumps to 1-week Highs, Palladium Up For The Sixth Day

    Gold is trading positive as investors are anticipating a fed’s rate cut that is hurting the dollar. Palladium is up for the sixth day.

  • How Should Investors React To Sylvania Platinum Limited's (LON:SLP) CEO Pay?
    Simply Wall St.22 days ago

    How Should Investors React To Sylvania Platinum Limited's (LON:SLP) CEO Pay?

    In 2010 Terry McConnachie was appointed CEO of Sylvania Platinum Limited (LON:SLP). This analysis aims first to...

  • Gold Reacts to the Upside After US GDP and Recovers Early Losses
    FX Empire26 days ago

    Gold Reacts to the Upside After US GDP and Recovers Early Losses

    Gold is trading positive on Thursday following the US GDP. But the move is limited due to dollar strength and euro weakness.

  • This Precious Metals Company's Gold Sales Just Hit Record Highs
    Motley Fool26 days ago

    This Precious Metals Company's Gold Sales Just Hit Record Highs

    Wheaton Precious Metals' focus on gold over silver could trigger a rally in its stock price.

  • Metals Consolidate Previous Gains, Focus on Trump’s War and May’s Resign
    FX Empirelast month

    Metals Consolidate Previous Gains, Focus on Trump’s War and May’s Resign

    God and silver are trading in consolidation mode after Thursday’s rally. Be aware of profit taking and rebalancing ahead of the weekend.

  • Gold Price Prediction – Gold Trades Sideways, but Momentum is Negative
    FX Empirelast month

    Gold Price Prediction – Gold Trades Sideways, but Momentum is Negative

    Fed says interest rates will remain unchanged

  • Gold Price Forecast – Gold markets sit sideways
    FX Empirelast month

    Gold Price Forecast – Gold markets sit sideways

    Gold markets did very little during the trading session on Wednesday, as we await the FOMC Meeting Minutes. At this point though, it seems as if the $1275 level is going to continue to offer support, and I think that it extends down to the $1270 level.

  • Price of Gold Fundamental Daily Forecast – Dovish Fed Minutes Could Spike Prices Higher
    FX Empirelast month

    Price of Gold Fundamental Daily Forecast – Dovish Fed Minutes Could Spike Prices Higher

    Gold prices could surge today if the three main influences:  the dollar, yields and stocks, continue to trade lower. Gains could be limited if safe-haven buying supports the dollar.

  • South Africa's Golden Age Is Dead. Good Riddance
    Bloomberglast month

    South Africa's Golden Age Is Dead. Good Riddance

    A transaction for the Mponeng mine southwest of the capital Johannesburg is unlikely to rock financial markets or cause a great political upset. While it’s still one of the world’s 10 biggest gold reserves, AngloGold will do well to get more for the pit than its $533 million carrying value at the end of 2018. As Felix Njini of Bloomberg News has detailed in multiple articles, the gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.

  • Trade and Tweets: Gold Up as Trump Says No Need to Rush on Trade Deal
    FX Empire2 months ago

    Trade and Tweets: Gold Up as Trump Says No Need to Rush on Trade Deal

    Precious metals are trading positive on the day but most of them are posting losses on the week. Gold is up, but the move looks short-lived.

  • Gold Advances Amid Risk Aversion, Other Precious Metals Down
    FX Empire2 months ago

    Gold Advances Amid Risk Aversion, Other Precious Metals Down

    Gold extends gains for the fourth day in a row while other metals are falling. Risk aversion took the market.

  • Gold Recovers The Upside Amid Political And Economic News
    FX Empire2 months ago

    Gold Recovers The Upside Amid Political And Economic News

    Gold and silver advanced against the US Dollar amid political and economic concerns. However, the metals are losing steam.

  • Gold Tests 2019 Lows, Platinum Fails At 915.00
    FX Empire2 months ago

    Gold Tests 2019 Lows, Platinum Fails At 915.00

    Gold is trading at 2019 lows while platinum stoped its bounce and was rejected at 915.00.

  • USD is Back
    FX Empire2 months ago

    USD is Back

    The fact that we were having Easter holidays did not mean that the market was poised to be boring and of low volatility.

  • Natural Gas Price Fundamental Daily Forecast – This Weekend’s Mild Cold Shot Could Fuel Short-lived Rally
    FX Empire2 months ago

    Natural Gas Price Fundamental Daily Forecast – This Weekend’s Mild Cold Shot Could Fuel Short-lived Rally

    There were different opinions as to what fueled Monday’s strength. NatGasWeather said the gains came as weather data over the week-end trended “slightly cooler” for this upcoming weekend and early next week, showing “weak cool shots” across the Great Lakes and Northeast.

  • Gold Bounces From Multi-Month Lows; Silver Tests Roof Of Its Range
    FX Empire2 months ago

    Gold Bounces From Multi-Month Lows; Silver Tests Roof Of Its Range

    Gold bounces on Monday amid technical buying while platinum is ready to test highs again. Silver remains in range.

  • Gold Down At 1,270 after strong US retail sales, Copper Back From 10-Month Highs
    FX Empire2 months ago

    Gold Down At 1,270 after strong US retail sales, Copper Back From 10-Month Highs

    Gold is trading positive but limited. Platinum is providing an interesting technical move while copper is down after reaching 10-month highs

  • S&P 500 Price Forecast – Stock markets pulled back slightly to kick off week
    FX Empire2 months ago

    S&P 500 Price Forecast – Stock markets pulled back slightly to kick off week

    The stock markets in the United States pulled back slightly to kick off the week on Monday, but quite frankly it isn’t much to worry about as we are clearly in a significant uptrend, and of course that has not changed with this small setback.

  • Crude Oil Price Forecast – Crude oil markets pull back
    FX Empire2 months ago

    Crude Oil Price Forecast – Crude oil markets pull back

    The crude oil markets fell slightly during the trading session on Monday to kick off the week, but keep in mind that this is most certainly a very bullish market. With that in mind, it could be offering value but there are still concerns about global growth that continue to weigh upon energy markets.

  • Natural Gas Price Forecast – Natural gas markets fall hard on Monday
    FX Empire2 months ago

    Natural Gas Price Forecast – Natural gas markets fall hard on Monday

    Natural gas markets fell rather hard during the trading session on Monday, as we continue to see a lot of negativity. Overall, this is a market that looks likely to struggle, but we are at the very bottom of the longer-term consolidation area.

  • USD/CAD Daily Price Forecast – The Bears Dominate The Loonie
    FX Empire2 months ago

    USD/CAD Daily Price Forecast – The Bears Dominate The Loonie

    Crude Oil WTI Futures dropped to a five-day low price amid higher US Oil output growth. Upcoming US April NY Manufacturing Index and BoC’s Business Outlook may provide some support to the falling pair.

  • EUR/USD Mid-Session Technical Analysis for April 15, 2019
    FX Empire2 months ago

    EUR/USD Mid-Session Technical Analysis for April 15, 2019

    Based on the early price action and the current price at 1.1311, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the 50% level at 1.1316 and the long-term uptrending Gann angle at 1.1312.