News: Platinum Group Metals Ltd (PTM.TO)

PTM.TO on Toronto Stock Exchange

9 Oct 2015
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Mon, Aug 24 2015

PRECIOUS-Gold falls as dollar pares losses; platinum sinks on stocks rout

* Platinum down 4.5 pct, palladium at 3-year low (Rewrites throughout, updates prices; adds comment, second byline, NEW YORK dateline)

PRECIOUS-Gold cuts losses after dive to 5-year low, risks remain

* Platinum, palladium also recover after plunge to multi-year lows

Platinum below $1,000/oz for first time since Feb 2009

LONDON - Platinum fell below the $1,000-per-ounce mark on Friday, leaving prices in triple figure territory for the first time since February 2009, as investors continued to lose faith in its fundamental demand outlook.

South Africa's platinum sector faces crunch time as prices slide

JOHANNESBURG/LONDON, July 1 - South Africa's platinum sector is at a crucial juncture as the metal's price, near six-year lows, maintains a steady decline, with analysts now contemplating a move below $1,000 an ounce.

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