Tag: precious metal jewelry
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Gold’s Stability and Growth: A Smart Investment Choice
Gold prices have been a hot topic in investment circles, with the current price of gold standing at $3,415 per ounce as of June 16, 2025. This represents a significant increase from a year ago, highlighting the attractiveness of gold as an investment option. The stability of gold prices over the past day and month…
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Platinum Deficit Deepens in 2024, Impacting Market Dynamics
Platinum faced a deficit in 2024, with demand surpassing supply by nearly 1 million ounces, particularly in the final quarter when the deficit expanded by 313,000 ounces. The surge in demand was attributed to investment interest following political events, such as Donald Trump’s election win and trade policy discussions. The World Platinum Investment Council (WPIC)…
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Platinum Group Metals Forms Groundbreaking Partnership in the Middle East
Platinum Group Metals, a Canadian company, has joined forces with a Saudi Arabian firm in a groundbreaking partnership to establish a smelter and refinery in the Middle East. This collaboration aims to leverage the potential of the South African Waterberg mine, a project with a substantial capital expenditure of nearly $1 billion. However, the venture…
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Palladium and Platinum Market Shifts Signal Diverging Investment Paths
Platinum and palladium, two precious metals with intertwined destinies, are currently experiencing a shift in their market dynamics. The fall in palladium prices has brought it closer to platinum, marking a significant convergence after years of disparity. This adjustment comes as no surprise, as palladium is expected to move into surplus by 2025, leading investors…
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Rhodium Surpasses Gold as World’s Most Expensive Metal
Rhodium, a member of the platinum group of metals, has emerged as the world’s most expensive metal, surpassing gold in rarity and price. Its exceptional properties, including resistance to extreme temperatures and oxidation, make it a valuable asset in various industries. Universal High Flow 2.5 inch In/Out Catalytic Converter Stainless Steel Metal | $57.99 The…
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Rhodium Surges, Palladium’s Challenge, and Gold’s Evolution in Precious Metals Market
The world of precious metals is a fascinating realm, where value is not just determined by rarity but also by utility and cultural significance. Rhodium, a metal often overlooked by the general public, has recently surged in price, surpassing its 2008 peak. This surge is largely attributed to increased demand from the automotive industry, where…