Platinum Ounce

Platinum Ounce

Platinum Ounce overview

Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name is derived from the Spanish term platino, meaning "little silver".Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequently, platinum is often found chemically uncombined as native platinum. Because it occurs naturally in the alluvial sands of various rivers, it was first used by pre-Columbian South American natives to produce artifacts. It was referenced in European writings as early as 16th century, but it was not until Antonio de Ulloa published a report on a new metal of Colombian origin in 1748 that it began to be investigated by scientists. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Being a heavy metal, it leads to health problems upon exposure to its salts; but due to its corrosion resistance, metallic platinum has not been linked to adverse health effects. Compounds containing platinum, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain types of cancer.As of 2018, the value of platinum is $833.00 per ounce.

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Platinum Ounce exchange rates table

Platinum Ounce news

Market Volatility Skyrocketing, Trump and Pelosi Spar

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

14 days indicative negative
Precious Metals 2018 Round-Up: Gold to End Year in the Green | INN
Precious Metals 2018 Round-Up: Gold to End Year in the Green | INN

2018 was a bit of a rollercoaster for the precious metals — here we've rounded up the price highs and lows.

21 days conditional positive
Column: Trade trap roils markets | Business | Journal Gazette

All eyes were on Argentina last week as President Trump met with Chinese President Xi Jinping to discuss the ongoing trade war between the two countries.

about 1 month conditional positive
Why Has Franco-Nevada Corp. (TSX:FNV) Outperformed Wheaton Precious Metals Corp. (TSX:WPM) Lately?
Why Has Franco-Nevada Corp. (TSX:FNV) Outperformed Wheaton Precious Metals Corp. (TSX:WPM) Lately?

Will you buy Franco-Nevada Corp. (USA)(NYSE:FNV) or Wheaton Precious Metals Corp. (USA)(NYSE:WPM) today?

about 2 months conditional positive
Gold Gains; Block Island 5 oz Bullion Coin Debuts
Gold Gains; Block Island 5 oz Bullion Coin Debuts

Gold for December delivery tacked on $10.20, or 0.8%, to settle at $1,223.60 an ounce on the Comex division of the New York Mercantile Exchange.

about 2 months subjunctive positive
Gold, platinum prices up in Azerbaijan
Gold, platinum prices up in Azerbaijan

Gold and platinum prices increased in Azerbaijan on Nov. 7, according to the data published by the country’s Central Bank.

2 months indicative positive
Gold hits three-month peak as stocks slide, palladium at record

Gold jumped 1 percent to a more than three-month peak on Tuesday, with investors spurred on by a slide in global equities and rising political and economic uncertainty, including concerns over Italy's spending plans.

2 months conditional neutral
Gold, silver, platinum rise in price in Azerbaijan
Gold, silver, platinum rise in price in Azerbaijan

Prices for gold, silver and platinum increased in Azerbaijan Oct. 12, while palladium prices dropped, according to the data published by the country’s Central Bank.

2 months indicative positive

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