Platinum hits record on supply concerns
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Platinum hit a record high for a third straight session Monday as investors bet that a power shortage in South Africa will tighten global supply for the metal used in jewelry and automobiles.
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Oil prices jump to record closing levels in New York amid concerns about the US supply situation.
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Platinum hit another record high on Tuesday on a weaker dollar and a power crisis in South Africa which halted mining production, while silver touched a 27-year high to track firmness in gold.
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Platinum continued its record-setting rally Wednesday, briefly rising above $2,000 an ounce for the first time amid concerns that a power shortage in South Africa could slow mining operations for several years.
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Anglo-Australian mining giant Rio Tinto has announced a 43 percent jump in in full-year net profit to a record 7.44 billion US dollars and forecast continued strong demand for commodities.
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Gold swept to a record high on Wednesday driven by surging oil, a weaker dollar and simmering geopolitical tension, also ushering platinum to a record peak.
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Gold and platinum prices soared to record highs Friday after mine stoppages in South Africa, a leading producer of the precious metals, fed buying on supply concerns.
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Platinum hit a record high for the  13th successive day on Monday on lingering power supply  shortages which have disrupted mining in main producer South  Africa.
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Spot gold hit a record high at $855.10 an ounce on Wednesday in buying fuelled by a struggling dollar, surging oil and simmering geo-political tensions, traders said.
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Gold and platinum hit record highs for a third straight day on Tuesday and silver rallied to its highest in 27 years on Tuesday, on supply worries and expectations of more U.S. interest rate cuts.
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The broker breaks records with its third-quarter results.
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Oil prices continue their record-breaking run as fresh threats of sabotage in Iraq boost concerns that demand may outstrip supply.
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Oil soared to another record yesterday on worries that global energy supplies could shrink to critical levels during this winter heating season because of strong growth in demand.
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Oil futures prices advanced to another record high yesterday as a strike began in Africa's largest exporter of crude, exacerbating global supply concerns at a time of strong demand and reduced output in the hurricane-ravaged Gulf of Mexico.
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The price of gold shot to a record 927.77 dollars here Monday as investors looked for safe havens from financial market turbulence and in response to stoppages at mines in South Africa.
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THE share market reached a record high today, despite a negative lead from the US where markets fell overnight. At 1030 AEST, the benchmark S&amp;P/ASX 200 index was trading at 3595.