The World Platinum Investment Council has warned that the supply deficit for the metal this year would be higher than previous forecasts.
Platinum futures had a major gain as a rise in South Africa’s rand spurred speculation that production costs will rise.
SA’s rand rose as much as 2.5% against the dollar on Tuesday, buoyed by news that the economy rebounded between April and June.
An outflow of R10.2 billion in equities and bonds occurred last week after the fallout between Pravin Gordhan and the Hawks, says Investec.
The yen kept some distance from a one-month low against the dollar on Tuesday after Bank of Japan Governor Haruhiko Kuroda ...
Asian shares edged up on Tuesday as investors awaited news from the Reserve Bank of Australia's policy meeting.
South Africa's rand firmed against the dollar for a third straight session as US interest rate fears receded.
Emerging stocks chalk up their biggest daily gains in eight weeks and currencies strengthen, lifted by a batch of recent disappointing US data.
Sterling jumps to a 7-week high against the dollar, and hits a one-month peak against the euro.