S Physical Platinum ETF News

(Kitco News) - Since the December 2021 low of $900/oz, platinum prices have risen a dramatic 19% as the precious metal sector rallies due to the geopolitical tensions between Russia and Ukraine.

Gold prices worldwide were set for a second weekly gain as talks between Russia and Ukraine made little apparent progress, although bullion saw a dip on Friday as elevated U.S. Treasury yields on the back of inflation data assuaged its safe-haven appeal. Spot gold weakened 0.2% at $1,992.94 U.S. per ounce, overnight Thursday to Friday. U.S. gold futures were flat at $2,000.10. Bullion gained about 1.2% so far this week. In world events, there was no breakthrough in the first high-level talks between foreign ministers from Russia and Ukraine, who met in Turkey on Thursday since Moscow invaded its neighbor. Benchmark U.S. 10-year Treasury yields rose on Thursday and topped 2% for the first time in two weeks after U.S. inflation data confirmed rapidly rising prices, locking in expectations that the Federal Reserve will raise interest rates next week. Gold is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding bullion. Moreover, the European Central Bank took a hawkish turn on Thursday saying it would end its asset purchases this summer, paving the way for a rate hike later in the year.

Gold slipped on Friday , as US Treasury yields gained on red-hot inflation data capping bullion’s safe-haven appeal, but prices were set for a second weekly gain after talks between Russia and Ukraine failed to make any progress. Spot gold shed 0.3% to $1,990.70 per ounce by 0417 GMT. US gold futures were down 0.2% to $1,996.30. “To a large degree it’s going to be a war-driven trade again. But what’s going to cap sentiment in the absence of any war-time escalation is the FOMC, which is going to be a little bit more hawkish than what markets have currently priced in,” said Stephen Innes, managing partner at SPI Asset Management. Benchmark US 10-year Treasury yields rose after US inflation data saw its sharpest increase in 40 years, locking in expectations that the Federal Reserve will raise interest rates next week, while the European Central Bank took a hawkish turn on Thursday. Gold is highly sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion.

Platinum’s (XPT/USD) one-month risk reversal (RR), a gauge of calls to puts, prints a 13-day winning streak with the latest 0.364 figures per data sou

(Kitco News) - Platinum investors should prepare for a year of volatility as the supply and demand outlook for 2022 remains solidly fluid, according to the World Platinum Investment Council (WPIC).

Platinum (XPT/USD) is oscillating in a range of $1,070.04-1,089.85 in the Tokyo session. The bullion has witnessed a firmer plunge after violating the

Currently, many people are concerned about a falling economy and record-high inflation rates. If you look at the gold price, you will notice a steady growth in value compared to other assets. Read along as we answer some of the most common questions when investing in gold, silver, platinum, and palladium assets. Q4 2021 hedge […]

Don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

SINGAPORE , March 2, 2022 /PRNewswire/ -- Timcole Pte Ltd, a leading Singapore company specializing in providing services in Accounting, Taxation, Corporate Secretary and Payroll, is pleased to announce that it has received Platinum Partner Status from Xero. Due to Timcole''s rapid growth of acquiring more than 300 new Accounting clients in 2021, Xero has extended the Platinum Status to Timcole, which is the highest accolade that Xero offers to its partners. https://www.dropbox.com/s/tiz6gea0hx4toqs/timcole-xero-platinum-partner.jpg?dl=0 Xero''s cloud-based and easy-to-use accounting software complements Timcole''s bookkeeping and accounting services, providing clients with tools to help grow and manage their finances. Timcole is also able to help entrepreneurs get clarity into their businesses'' financial health, empowering them to make smarter business decisions, process invoices faster, and perform fewer mundane administrative tasks. "This is a great way to end 2021. Our rapid rise from Gold to Platinum status only goes to demonstrate how quickly Timcole has grown recently.

Russian invasion of Ukraine is putting at risk global supplies of products like platinum, aluminum, sunflower oil and steel, and shuttering factories in Europe, Ukraine and Russia. And it has sent energy prices soaring, further raising shipping costs.

(Kitco News) - The company said that all three major PGM markets – platinum, palladium and rhodium - recorded fundamental surpluses in 2021.

Gold, palladium and platinum all benefit from the conflict in Eastern Europe

Here is the weekly tracker of returns from alternative investments. During the last week, gold jumped up due to continued tensions between Russia and Ukraine.

Precious metals are breaking out as Ukraine/Russia tensions heat up. Gold is shooting above $1900 and silver above $24. Platinum and palladium are also making big moves. Chen Lin of Lin Asset Management expects metals to move much higher. Whether we see a dip short-term from here depends …

Precious metal prices, which had already been on the rise, are chugging even higher amid Russia-Ukraine tensions. The recent price action accentuates the world''s dependence on Russia''s Palladium (PA=F) and Platinum (PL=F) supply.