Rhodium prices resumed their upward trend after a brief pause reaching the highest level in more than seven years at $1,860 an ounce. Reports of sustained industrial consumer interests have buoyed the market. Price charts suggest $1,900 an ounce as potentially the next level with $2,000 an ounce now appearing in sight.Reading Time: 1 minute
Also in this week’s Platinum Market Review:
-Platinum prices trailed lower last week along with gold and palladium, falling below $1,000 an ounce -Norilsk, the world’s largest palladium producer, reported a 6.2% increase in its palladium production in fiscal 2017 -South African miner Lonmin produced 164,488 ounces of platinum concentrates in its first quarter to December, 7.6% greater than that of the comparable period of fiscal 2017 -Gold prices eased off earlier 17-month highs of $1,365 an ounce -Results from last week’s Fed meeting
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