NYMEX platinum, palladium jump on Rand, supply concerns

摘要

NYMEX platinum and palladium futures ended the July 12 session with significant gains, as analysts pointed to currency moves and geopolitical events as major factors. Platinum for October delivery, the active month, closed at $1,123/oz, up $27.30, while September palladium jumped $47.30 to $2,859.30/oz. Conversely, gold futures, which often influence the platinum market, were off slightly, with August gold at $1,805.90/oz, down $4.70.